Intraday - We look to Buy at 0.8580 (stop at 0.8530)
There is no sign that this bearish momentum is faltering but the pair has stalled close to a previous swing low of 0.8579. We are trading at oversold extremes. This is positive for short term sentiment and we look to set longs at good risk/reward levels for a further correction higher. Further upside is expected although we prefer to buy into dips close to the 0.8580 level.
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