I am in rally-selling mode but I need to remember that I am fighting against a strong and persistent uptrend so picking the right entry level is vital. The hourly picture looks somewhat oversold to me and I suspect that we may see another bounce to test resistance at yesterday’s 1.4900 highs. I will sell a failure there or if it breaks, sell around 1.4990 which is my preferred entry level now.
Good luck today.
