The price is at the support on the weekly and it bounced perfectly at this support. The weekly resistance is far off, though the daily is at 0.6939. However, approaching the end of the week, I would not place more emphasis on the daily over the weekly. On the 1H TF, you can see the price ranging and how clearly it bounced from the weekly support.
Also, this bounce off the support is creating a series of HH’s and this is a good entry point to open a long position on the retracement.
Also, this bounce off the support is creating a series of HH’s and this is a good entry point to open a long position on the retracement.