Since the 1st December 2020, the price has been moving with a strong impulse, going up for about 420 pips, reaching the level at about 1.08500.
On that level, the price got a quick rejection, falling down breaking through the S/R zone at about 1.07000, and it is currently reaching the an interesting at about 1.05700, that perfectly match with the 0.61% of .
This is absolutely a nice trend correction of its previous impulse, and I'm confident to see the price bouncing on the at 1.05700 before moving up again with a new momevent.
I'll be waiting for the price to reach the before planning my long position on this trade.
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