Monthly: Down trending since 2008; Price retesting key 1.2525 Support as Resistance + Trend Line; If we see successful rejection of these levels, the pullback move from 2016 will be officially over and can expect further down movement;
Weekly: Price respected an Ascending trendline from 2017, making HH and HL; After consolidation for 13 weeks, we finally can put together pieces that indicate which side the market is going to take, with this break of Up Trend Line bouncing from a LONG Monthly bearish Trend Line; Key supports comes in at 1.20 and 1.172;
Daily: In confluence with Mo and W analysis, we can execute the trade as Friday's candle broke ascending Trend Line initiating a bearish move;
Entry Trigger: Break of ascending trendline;
Stop Loss: A few pips above breakout candle's high;