It is a Friday and as usual I will take the day off, but if I were in the markets today I would be looking primarily for a long on a bounce off of rising trend support (now at 1.2260) or at 1.2215 support.
Trading Idea: I don't trade on Fridays. But if I did, my primary trade would be a long with confirmation in the 1.2260-1.2220 zone with long targets at 1.2290, 1.2320, 1.2350, 1.2380 and 1.2430 for 170+ pips profit. That trade might need a little breathing room as bears are likely to fight it. If we do see a sustained break below 1.2150 on the 1h charts or above then that is a very bearish signal and we could be looking at 1.2000 tomorrow. An aggressive trade is a sustained break on the bullish break of the falling trend resistance (the blue line my circled dojis are barely touching)
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