Since January 2021, the price has been following an interesting trendline, moving up until the main at about 0.70500, breaking through a daily at 0.69600 and bouncing few times on its dynamic trendline.
On the 22th of January, the price broke the trendline, re-testing the same level twice before collapsing down under the .
It is currently re-testing the at about 0.69650 and the next price action on this level will be essential to understand the next market movement.
The current weekly session closed with an interesting , showing a possible rejection on that level and an upcoming new uptrend.
Also the day session closed with a strong upbar just around the S/R zone.
I'm confident to see the price pushing up until the next and I'll be waiting for a clear rejection 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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