Bounce from the daily trend line
In my opinion, price action will bounce from the daily trendline, around 2.0000, a really strong support level. We could experience a very steep rally which will break the corrective structure as well. I will be long at around 2.0000 with SL at 1.98 but not before the bounce happens and there is bullish sign in price action.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.