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$TRUMP From this position, I will continue to stay bearish. The price clearly can’t break up in the range 1.58060 to 1.58561; short-side momentum is building up. I just opened a short position in this range. From the order book, the daily structure is still bearish. The 4-hour bearish pattern remains effective. The 15-minute RSI is currently around 57, and there may still be room for the bears to push lower. Also, the 15-minute trading volume has expanded by 4 times, and the sell-side participation looks very real. Downside support to watch is around 1.565, and even around 1.535. Everyone, mind your risk when trading—your defensive level is roughly around 1.607. Don’t go too heavy chasing, and set a proper stop-loss.