Price has now found resistance at the 0.71500 region, where a pullback to set a higher low can be made at the 0.70700 region where a new higher high can then be anticipated as price is in the early stages of a trend reversal.
Comment:
D1: Clear break & retest of the descending trend line as new support
Comment:
Weekly: Hammer candle at key area of demand, flash crash I believe was cause by banks & institutions for the new year so price can build enough momentum to reverse trend.
Comment:
there you have it, break & retest of 0.71500 as new support & further rise.