Price action on the lower time frame is showing market bias potentially changing to the downside, a potential drop towards the 1.6150 price area may occur. The potential setup remains valid below the 1.6275 price area.
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Disclaimer: Trading foreign currencies (forex) is not appropriate for all investors, and the risks of forex trading can be substantial. You should carefully consider whether forex trading is right for you in light of your particular circumstances and financial resources. Any ideas shared are provided as general market commentary and does not constitute investment advice.
Like/comment/follow to get notification updates on this and other ideas.
Disclaimer: Trading foreign currencies (forex) is not appropriate for all investors, and the risks of forex trading can be substantial. You should carefully consider whether forex trading is right for you in light of your particular circumstances and financial resources. Any ideas shared are provided as general market commentary and does not constitute investment advice.