From Monthly to 4h overview.
On monthly we see that we were making Lower Lows and Lower Highs, until price broke a very strong support zone and droped really hard coming down to 1.06 zone. Price after that went back to that Support zone which become a very strong resistance until it broke finally and giving us back a touch at the previous trendline which previously was a support zone and now is acting a resistance. After some weeks of consolidation it broke down to the 1.17 support.
Watching all this we finally have a better view and preception on what is going to happen further on.
My expectations are, price will accumulate at the 1.17 zone before bouncing back to 1.23.
On monthly we see that we were making Lower Lows and Lower Highs, until price broke a very strong support zone and droped really hard coming down to 1.06 zone. Price after that went back to that Support zone which become a very strong resistance until it broke finally and giving us back a touch at the previous trendline which previously was a support zone and now is acting a resistance. After some weeks of consolidation it broke down to the 1.17 support.
Watching all this we finally have a better view and preception on what is going to happen further on.
My expectations are, price will accumulate at the 1.17 zone before bouncing back to 1.23.