price couldn't break lower, short covering send the price back to 1.2300 level. Now it's traded at 1.2282.
It's still down trend from hourly point of view, but on 15 and 5, it's up trend. From the chart, ema62 on 1 minute is acting as support line, but we are making some lower highs. So it's not wise to buy at that level.
update, I am still holding a short at 1.2360 level, see where it goes... Stop about 10 pip.
update, It was stopped out.
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