We may see little lower then current 4.2600 level as we are below cloud resistance 4.2800 handle.
However, we got a low stochastic RSI and this suggest be careful as it can turn a bit.
The way the pattern shows, we may see 4.20-4.22 first before we see higher moving back towards 4.3500.
Strategy is BUY @ 4.2150-4.2250 and place stop-loss @ 4.1700 and profit order 4.3275 for now. Please note overall we are medium-term down ward path I feel.
However, we got a low stochastic RSI and this suggest be careful as it can turn a bit.
The way the pattern shows, we may see 4.20-4.22 first before we see higher moving back towards 4.3500.
Strategy is BUY @ 4.2150-4.2250 and place stop-loss @ 4.1700 and profit order 4.3275 for now. Please note overall we are medium-term down ward path I feel.