My short from 1.0239 stopped out at +10 pips. Which is too bad because while price action is overall sluggish, the pair has a new low of 1.0108 which is just below the May 13th low of 1.0110. It has bounced a bit.
We've now had three days with a close below the triangle line. I'd be more impressed with this fact if we were in a normal trading environment, i.e. not the doldrums of August. However it is what it is. In addition, the pair has broken below both price and RSI uptrend line. Yet the pair is oversold and price action is so sluggish that I'm staying out for now. If today's low holds, there will probably be a rally and shorts can be re-established. It's possible we're going into sideways movement.
Here's the daily chart:
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