Good morning Traders,

The pair may have completed the bullish impulsive structure (12345). As shown on 1H chart, it is possible to form the first corrective leg (wave A), so from a technical point of view, it should develop a technical rebound to form wave (B) and subsequent bearish leg. At the moment we are looking for a reversal pattern on 4H chart and if it develops, we will try to take a short position, but as long as this does not happen, we will not anticipate the market.

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