This is shaping up to be a good opportunity to short if the lower trendline were to break. We should be looking at 200-300 pips with relatively modest risk. On the other hand, a strong bullish candle off the lower trendline would suggest a potential retest of the 1.4670 level. This is definitely a set up we'll be keeping an eye on this week.
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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.