The pair updates the lows
On the chart, we observe that the pair has updated the annual minima and reached the mark of 1.1205, after which the price was adjusted to the mark of 1.1310.
The price could not overcome this mark and again went down. The Stochastic is still pointing up. The MACD, despite having left the bar graph, is still in the negative zone.
Therefore, we advise you to look for points for entering short positions and set your Take Profits near the level of 1.1205
Penafian
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