Technical Outlook and Chart Setups:
The price has not changed since last 3-4 trading sessions. The 1.4800 level is being tested once again and if it breaks below, bears will be targeting 1.4700 and lower. Immediate support will be strong at 1.4700 followed by 1.4600 of Fibonacci extensions. As long as the prices stay above 1.4800, a three-wave pullback remains possible; hence it is recommended to watch 1.4800 levels closely. Bullish signals as close to 1.4800/20 are to be bought; sell on a breakdown though.
Trading Recommendations:
Stay long for now, stop below 1.4800, and target is open. Sell on a break below 1.4800.
Good Luck!
