near term downside is limited.


The rebound from 1.1822 was short lived as the pair turned down again. Outlook is still bullish as long as 1.1661 holds.
on 4 hours chart there is more downside to finish the ABC correction at (1.1700-1.1750) area.
i am still short on this pair from Friday (from 1.1920 and 1.1897) targeting 1.1750 at this
point i will be looking for reversal on a bullish price action.


GOOD LUCK
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