The fx pair is in a downtrend on H1. But how long can it hold..? As how it was said yesterday in the long term analysis the market already reached a point where it is easily suitable to turn back to uptrend. Also S2 is a really strong support level. But somehow H1 TF players like to move little more under and their TP is around 1.07434. This means until S2 it is good to take SHORT positions if there is left enough space. TP is S2. But under..? Two option are 1) the bear gets more power 2) the price will bounce back which could mean many thing.
Opening a position: in every M5 pullback end to the given directions. Every time it is important to take care for the contexts.