We expect that this downside move will continue down to 1,1700, however we suggest that you stay away from selling.
Why?
-in best case scenario you get RRR of 1:1 and we're looking for a greater one -price is heading down to a strong support which means we could see reversal at any time -Powell is about to testify before the congress -there is a better opportunity on another USD currency pair
Everyone who's got short trades from yesterday could move their SL just above 1,1850!
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