7PM UTC : Bulls push price above previous resistance but now without indicating a weakness.Then price stalls got overextended and formed a + DIVERGENCE and OVERBOUGHT again making or probablities stronger to be right.
So I expect three scenario's that would likely to happen
1.Price would head down break the trend support and head lower to around 1.38000
2.Price could find support around 1.3950 and potentially form a Head&Shoulders pattern
3.Price will find support at the trend and continue higher to almost 1.4150 before heading lower
Also I am very aware of the economic events and will watch it closely before release and potentially headge my position for safety.
TARGET : 1.3820
STOP : 1.42000