Now the Pair is forming a flag! (blue). This will generate a TP at the downside @ below the parity @ 0,965 if it will be triggered.
The cyclical /-or longterm swingview will generate a longterm tp @ the downtrendchannels upper edge @ 1,33! ( Magenta "3"?). On it s way up to that cyclical target several resist zones are based:
-EMA 200: 1,135
-0,38 fibo: 1,18
-0,5 fibo: 1,22
-0,618 fibo: 1,26
-Resistance tone formed of former lows between 1,2-1,25
Last but not least - here is the pullback!
These days we have seen an overshooting market. The Pair seemed to beat it s strong but this Zone between 1,139-1,15 could not be conquered sustainably at the Moment.
The Zone turned again into a big .
Prices below that Level turn the Chart again bearish! A possible target at the downside could be the Grey "3" at 1,125
Only Prices above 1,15 will lighten the Chart and generate the TP @ 1,175