A monthly close below 1,4825 would favor further downside.
Possible mini targets above C-point of AB=CD pattern at 1,4050
is 1,4440/1,42. These levels could become possible entry
points for longs, aiming at a completion of ABCD pattern at
1,6830. OR if price takes out the 1,4050 level, current top will
be the D point of the pattern, However, since price has moved
fast upwards, at glance, it looks like price is eyeing the major
D point at 1,68. Time will tell.
Possible mini targets above C-point of AB=CD pattern at 1,4050
is 1,4440/1,42. These levels could become possible entry
points for longs, aiming at a completion of ABCD pattern at
1,6830. OR if price takes out the 1,4050 level, current top will
be the D point of the pattern, However, since price has moved
fast upwards, at glance, it looks like price is eyeing the major
D point at 1,68. Time will tell.