There was no way I should have even been dreaming about the possibility of contradicting the freshly bearish day-to-day trend when I did!!! It is only now, at 1.1967 (30 pips and several hours later) that just entertaining the idea of entering a temporary long position makes any kind of sense. However, the more prudent move would be to wait to see if a pull-up in the downward trajectory actually does develop, and if so, enter a short position when the intraday trend hooks to the south once again to rejoin the exchange rate’s overall descent.