Since the 20th of January 2021, the price has been moving with a clear uptrend, reaching a strong weekly at about 1.76500, that rejected the price many times in the past.
On the level, the price got a rejection and it is currently on a daily S/R zone at about 1.74300, very close to its main trendline.
The next price action around that zone will be essential to understand the next market movement.
In the past, the price reached many times its strong weekly resistance at about 1.76500, getting a strong and quick rejection on that level.
I'm confident to see the price breaking through its S/R zone at 1.74300, continuing its movement until its next .
I'll be waiting for the breakout of the main trendline before planning my short position on this trade.
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