Something is fishy about this sell off - it looks too aggressive and if one takes into account the fact that we had a perfect SL area around 1.40 which is now gone, then perhaps we have set a medium-term bottom for this pair.
What to look for? Well, if we get a fairly fast reversal from current price levels then most likely it could be the real deal. A Daily close back above 1.4100 should be considered a bullish sign.
Time will tell. Watching.
What to look for? Well, if we get a fairly fast reversal from current price levels then most likely it could be the real deal. A Daily close back above 1.4100 should be considered a bullish sign.
Time will tell. Watching.
