The pair is heavily stretched, I'll be monitoring the 1.5500 level to see if there's any shorting opportunity. That level is an old support turned resistance and stochastic oscillator is already overbought. Any sign of weakness around this level (a pinball, a double top or a bearish divergence) may trigger the trade.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.