From here any retest of the 1.1620/30 area as new resistance will likely encounter an influx of selling pressure. Key support comes in at the channel bottom near 1.1510/20. A daily close below that could serve as an opportunity to add to an existing short position.
If we don’t get a retest of the 4-hour below, I will wait for a close below support near 1.1510/20. Either way, the objective is the August low at 1.1260.
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