Market is in uptrend and break of the current trend line would stop this trend. Current price action for me is just a pull back, but this pull back can go deeper 0.7350 area. At the moment bullish Flag is on the chart and price stays at the lower Flag's line. This is good reason to look for the signal to go long from the current levels.
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Momentum for buying has gone and before I will be interested to buy this pair positive day must appear at least. At the moment small pull backs can be profitable on short term basis.
