The greenback is quite strong due to risk aversion and we might see a cut by the BoE today, emphasizing the bearish undertone. It's just a pity that price moved out of the previous bearish Current Trend's range and now we have a full-blown sideways Current Trend, halting any bearish trades.
If the BoE cuts rates today or even profess a hawkish tone, we might see a breach of the 1.9330 low soon and if the MACD keeps on signalling bearish momentum we will be situated within a tradeable bearish probability
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