The pair recovered from European session lows and erased intraday losses over the last hours, before entering a consolidation phase amid low volume given the US Independence Day.
It is time to take advantage of this quiet trading day. We don’t expect any major move for the rest of the day, so a short position at 1.1145 the daily high will minimize our risk and target some pips with take profit order at 1.1102 close to the daily low. Stop loss at 1.1153
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