The 38.2% Fibo Retr level is 1.4723 (From low at 1.4234 To recent High at 1.5516), which is also close to its 20D EMA level at 1.4700.(It is also close to its 14 EMA)
The price action is currently traded below the resistance trend line at 1.4760 (Time of this Posting), If the level at 1.4890 which is the Lower support trend line level cannot be breached, then this currency pair is always vulnerable for the possible Bearish plunge.
Do utilize the 20D EMA as your good guide with your favorable Indicators for your SELL (short) Trade Entry.
Be patience to wait for the Strong Downward signals (below the 20/14D EMA with confirmation from all your Indicators)
Trading Strategy
SELL DOWN the Pair Around 1.4680-1.4700
First Target : 1.4500
Second Target: 1.4340
HAPPY TRADING
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