Since the 27th of January 2021, the price has been moving following an interesting , once it reached and got a quick rejection on the at about 0.67500.
It bounced few times on its dynamic channel's lines, that would confirm the validity of that pattern and it's currently retesting the S/R zone at about 0.68200.
The next price action around that area will be essential to understand the next market movement.
The current S/R zone rejected the price many times since December 2020 and I'm confident to see an upcoming new impulse, moving the price up inside its channel, trying to reach the next at about 0.69000.
I'll be waiting for a proper rejection on the current level before planning my long position on this trade.
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⚠️Please note the views are not investment advice and should be used only for educational purposes⚠️
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