The direction overall is for further down side coming weeks.
Short-term picture is likely some recovery due to short-term oversold status on 4-hourly and soon the daily chart as well. MACD is negative clearly, but RSI is nearing oversold state.
Strategy is only to BUY @ 1.1717 and again near 1.1667. Profit order is to be placed somewhere 1.1927 before market will move further down again is my personal view.
Short-term picture is likely some recovery due to short-term oversold status on 4-hourly and soon the daily chart as well. MACD is negative clearly, but RSI is nearing oversold state.
Strategy is only to BUY @ 1.1717 and again near 1.1667. Profit order is to be placed somewhere 1.1927 before market will move further down again is my personal view.