The dovish FOMC statement also not make any positive effect on this pair and it closed below daily pivot which gives bearish indication for short duration but we expect it will rebound to bullish direction.
Most likely Scenario:- Short below @1.4286 with target 1.4152 to follow downtrend
Alternate Scenario:- Long above @1.4286 with target 1.4476 for further retracement.
Weekly Trend Bias for this pair is Bullish and Weekly Candlestick Pattern is Bullish Engulfing
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