Considering how heavy the demand was on last week close, even if it did got absorbed some, I expect more absorption to happens, so more test of the 1.398 area. From which I would look for a sell entry when demand is weakening, and I will enter a sell position with a tight stop loss.
And if it does reach 1.398 and show signs of demand weakening, a break under 1.392 on heavy supply would make me aim at 1.38 as next area.
UPDATE COMING IN MORNING
And if it does reach 1.398 and show signs of demand weakening, a break under 1.392 on heavy supply would make me aim at 1.38 as next area.
UPDATE COMING IN MORNING