I usually don't trade this pair but I was drawn to it by a few other commentaries I saw on it from different Analysts today. The pair has given off a combo price action setup at resistance (The Pivot Top/Pin Bar Price Action Setup). Many traders would have gone in on the trade earlier than now but experience has shown that the setup usually takes a while to pull-off given that there was a strong bullish trend prior to it. In a day or two, if price fails to break above the resistance just above, we then could be faced with a sell-off on the pair.
My recommendation: Sell at another failed break of resistance.
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