The chart shows that it made a long bearish move. The level of 1.06770 held the price and produced a bullish engulfing candle. Thus, the sellers are to wait for the chart to create a bearish reversal candle and a breakout at the level of 1.06770 to go short again on the pair. The buyers are to wait for the price to consolidate and a bullish reversal candle along with a bullish breakout to go long on the pair. Meanwhile, the buyers on the H4 chart may find opportunities to go long on the pair.


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