Risk to the trade comes from the low of 1.78296 which has held quite nicely and pushed price to the upper channel line. So although a short position is still in play, the target of 1.70635 will be in doubt until the low is broken. For now, there is no view of a minor up trend taking shape, so we stick to the short side.
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Disclaimer
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.