At the moment, the price is facing a strong support formed since May 2020. A few attempts were made but nothing confirmed, so the price can move either way:
1.The trendline support is respected and price continues up to the major resistance zone 1.215. or,
2. The trendline support is broken and the price moves towards 1.195 support.
If you have a different view, please share, I would love to hear your analysis.
1.The trendline support is respected and price continues up to the major resistance zone 1.215. or,
2. The trendline support is broken and the price moves towards 1.195 support.
If you have a different view, please share, I would love to hear your analysis.
Trade closed: target reached
Confirmed breakout of the trendline support: Target 1.195