Any break of the 38.2% major corrective low at 1.3945 means that you can short the pair with tight stops looking for the 50% major corrective target to be hit at 1.37600. This 50% level coincides with an equal legs target on the Daily timeframe in a simple A-B-C movement. Be advised we are still in a bullish major uptrend so watch for a sharp turn higher to re-short the pair again. Intraday entry is a sell at 1.04060 with a 30 pip stop, 90 pip target. 1:3 Risk / Reward.
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