The very short-term trend on the 4-hr chart has reversed and turned bearish.
It has broken below a trend-line and formed two lower lows and two lower highs.
It will probably continue down towards the next support level situated in a zone between support and resistance at 1.1034 and the monthly pivot at 1.1002.
If the exchange rate reaches this level, there is a strong possibility it will pause to consolidate and possible resume the broader up-trend.
Given the confused analysis of the four lengths of trend, the fact they are out of sync, and the lack of space before support emerges at 1.1034 , I would not at this time advocate trading in the direction of the v.short-term trend.
The very short-term trend on the 4-hr chart has reversed and turned bearish.
It has broken below a trend-line and formed two lower lows and two lower highs.
It will probably continue down towards the next support level situated in a zone between support and resistance at 1.1034 and the monthly pivot at 1.1002.
If the exchange rate reaches this level, there is a strong possibility it will pause to consolidate and possible resume the broader up-trend.
Given the confused analysis of the four lengths of trend, the fact they are out of sync, and the lack of space before support emerges at 1.1034 , I would not at this time advocate trading in the direction of the v.short-term trend.