A long-term bearish channel is evident.
Additionally, a mid-term bullish channel is clearly visible.
1-Hour Chart Analysis:
A short-term bullish channel has formed.
Trading Strategy:
Await a breakout above the zone to consider long positions.
Alternatively, short trades could be initiated after a break below the weekly pivot at 1.07605 and the short-term bullish channel.
Comment:
Long Break out, we're waiting for reversal
Comment:
Almost near my SL. :-)