Price has broken back down and the short term averages have crossed to the down side.
There is a resistance level at 1.5908 and a lower low through the daily pivot.
Price is showing signs of continuing with the prevailing down trend.
I will enter a short at 1.5885 with a stop above resistance at 1.5915.
Levels and chart below.
Entry: 1.5885
Stop: 1.5915
Target: 1.5735 (5%)
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