In yesterday's commentar, I gave a bearish recommendation based on the notion that we could have a failed break of the New Resistance. Savvy traders would have taken advantage to get in on a good price for the expected bearishness on the pair. The Pin Bar Price Action Setup after the inside bar from yesterday's trading should help send prices even lower, probably, back into Support as shown in the chart above.
My Recommendation: Remain Bearish.
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