The pair is currently trading in a downtrend at 1.7550.

The H4 Chart confirms this downtrend with the sellers breaching the 1.7550 zone. We will enter a short position with a bearish reversal signal.

15M Entry formed a hanging man pattern signal confirming that the bears will continue to push price downwards. Entered a short position down to Daily support level of 1.7410. 

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