Technical Analysis and Chart Setups:
After getting stopped out, it is necessary to re-evaluate the chart setup above before entering again. It is clear that 1.4700 support has held strong till now and it continues in the coming sessions as well. Bulls have taken out further the first intermediary resistance around 1.5100 level. The most probable move from here on should be a pullback towards 1.4900-1.4950 in the coming sessions. Therefore, it is recommended to stay away for now and wait for a pullback to materialize towards 1.4950 level to enter long positions. Intermediary support comes just above 1.4800.
Trading Recommendations:
Flat for now. Looking to go along near 1.4950.
Good Luck!
