Here is a long trade idea for this pair. The price has come to 4h support and a bounce is likely. I think this level will provide the needed support and price will make a reversal here at least to make this long idea favorable. The target of this long trade is 4h resistance zone 4HR1. This resistance zone is sitting around 7.40-7.44 area.
Note
The price came back to our entry zone and bounced from there. Currently it is close to halfway the target. Closing most of the size here and will add later in case it comes to a favorable entry point. I will post in case I reenter the trade. For rest of the position, stop loss set to break even.
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