Reviewing my latest analysis which was published in April 11. When i published the previous post the price was bouncing of the 1. level and second downside target for the breakout of the top, as price formed a long legged at level, before correcting higher to retest the optimal short entry area at the broken neckline in addition to the 50-days near 1.5000 round number.
Indeed, luck was in my favor as price moved lower again, breaking to new lows and could be heading towards my last aggressive target at 1.4317 level.
Note that 1.4300 area also includes a potential descending support for a possible formation, I reiterate that this is a possible formation. If we get there we should consider that area as another key support and look for possible rebound signals.
For now, 1.4560 should form a near term ceiling for the price, and should keep the pressures in place, unless we break above it that may enhance the short term technical picture.
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