Price stands at 1,07 and is trying to breakout above the TL going back to end of Oct-13. A close above 1,0740 may expose 1,08 (Weekly R2). A failed breakout and close below 1,0650 may spur further downside and 1,05/1,04.
Comments
fximperija
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The actual top is higher @8350, slightly above R2 on your chart. This the price we should look for short if PA stops there. NZ trade balance tonight might influence a stronger move.
CapMoore
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It will be interesting to see how deep it wants to reverse. Perhaps a AB=CD after a return to SR zone.