Technical outlook and chart setups:
A 4H chart view has been depicted here, and, as seen, prices hit the line of resistance around 1.4975/85 region and bounced back producing an evening star. It looks like a lower swing high is in place now around the 1.4975/85 levels and that the next big move should be lower. Higher up resistances are at 1.5050/60 and 1.5160, while support is straight down 1.4670 and 1.46 respectively. It is hence recommended to initiate fresh Sell positions now or on intraday rallies. 1.4925/30 is immediate resistance. Looking lower from these levels.
Trading recommendations:
Sell now (1.4895), add further on intraday rallies. Stop is at 1.5030, target is open.
