Technical Outlook and Chart Setup:
As we discussed earlier, the structure still remains the same. If we take a look at a bit more smaller timeframe, prices remain locked between 1.52 and 1.53. This could possibly be the consolidation before the last leg towards 1.54 and then reversing. Yesterday’s low will be of interest here at 1.5236. Until this low is intact, prices will head north.
Trading Recommendations:
Buy with a strict stop at 1.5200, target 1.5400.
Good Luck!
