Technical Outlook and Chart Setups:
As depicted above in the Daily Chart Setup, the single currency pair is ready for the next bear leg towards 1.5100 level in the upcoming sessions. The expected timeframe for this target will materialize during 1-2 weeks. Intermediary support is below 1.53 while resistance is placed above the swing high made last week. It is recommended to sell intraday rally today and tomorrow for the measured downside targets as depicted in the above chart.
Trading Recommendations:
Remain short and build further on intraday rallies in the coming 1-2 sessions, target 1.5100.
Good Luck!
