The pair has now retested earlier bottom around 1.6160 and so far we have noticed a possible bounce from support level, as we see a doji and a fake breakout on the downside in 4H chart.
In that matter a long entry from these levels should give us a fair risk/reward, as our target is earlier tops around 1.65, while the stop should be executed if the pair closes below 1.6150 on daily basis.
In that matter a long entry from these levels should give us a fair risk/reward, as our target is earlier tops around 1.65, while the stop should be executed if the pair closes below 1.6150 on daily basis.
