Technical Outlook and Chart Setups:
Trading is a game of patience and the chart above proves this statement. There is nothing more to discuss at the moment except the fact that it is just a matter of time when the single currency reaches 1.5100 levels for support. The direction has not changed, and it should gather momentum in 1-2 trading days. Resistance is placed at 1.5400 and 1.5450 for now Interim support comes at 1.5200 levels. Stay short for now.
Trading Recommendations:
Continue holding short positions from last week, Target 1.5100 at least.
Good Luck!
