The parity price broke out temporarly from the channel formation but then it has erased its gains, and right now it is staying close to the upper band of the formation. 1.9630 will be a decisive level to test. If the price bounces it to the up and then again bounces the upper band off again, it will give a signal of the potential head and shoulders formation with 1.9180 as a base.
In the other case, the parity price will bounce 1.9630 off, than pierce 2.0100. And reach the previous top at 2.0470.
In the other case, the parity price will bounce 1.9630 off, than pierce 2.0100. And reach the previous top at 2.0470.
Comment:
As we predicted, the price has approached a decisive 1.9630 level. Next days will show if the price manages to break that level to the down or bounces it off and aim 2.0100 level, creating the second shoulder of the head and shoulders formation.