On H4 chart Engulfing Bar appeared. It has place after long term of decreases and on important resistance in 0.6945 area. Despite bearish trend we can think about short term position.


Situation look interesting also on daily chart. Here after bearish swing you can see some rally creating. Few days ago there was beautiful Pin Bar and if today Engulfing Bar will grow there can be another similar signal. It can be beginning of another bullish correction.


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