Description
⋅ D1 - Price has reached a key support zone.
Potential bullish divergence.
H1 - Multiple false breaks with bullish divergence.
If we get a valid breakout above the high at 1.60091 we may then consider it as a validation for the bullish view.
Alternatively if the price moves lower, breaks and holds below the key support zone then this bullish view will be invalidated.