Salam.
The pair closed at 1.44131 with both high and low at 1.44440 and 1.42083 yesterday. Altough it fails to shoot pass the 1.4500 level, but a medium bullish trend is still on the bet.
I personally would choose to trade at breakout. Trading at breakout requires me to identify the zone involve and expecting major news to occur. Looking at the chart, I’ll look to buy if the price breaks above my tight resistance level at 1.4455 and I’ll choose to sell if the price breaks the support line at 1.4385.
Now, the nearest news should appear is the Personal Income that would give very little effect on the movement of the pair. But, as i’m writing, the bearish signal has already being and while the volatility of the pair is low, a 15 pip chase is still worth.
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