The blue bear trendline is clearly broken.
Now the situation is: we need a bottom for our RSI (near to be overbought), so in the short term we could have a retrace to 1.08, and a nice Head and Shoulder pattern forming!
In really short term: short position, with TP around 1.082/1.081, and it could be the last chance to the shorts to exit the market.
Then, a safe strategy could be: LONG position at 1.08, medium/long term target 1.10, but watch carefully the market for confirmation :)
Now the situation is: we need a bottom for our RSI (near to be overbought), so in the short term we could have a retrace to 1.08, and a nice Head and Shoulder pattern forming!
In really short term: short position, with TP around 1.082/1.081, and it could be the last chance to the shorts to exit the market.
Then, a safe strategy could be: LONG position at 1.08, medium/long term target 1.10, but watch carefully the market for confirmation :)
