or new selling Signal?
is near it s former low at 1.071$ .
With Prices below that Level, the downtrend will perhaps tighten with the tp, mentioneds in my former Analysis (TP from the flag) at 1.035$.
Could the Level at 1.070$ be defendet, has the Chance to develop a . Fiorst target (minimal target) of that Formation would be the 38,2 fibo at 1.116$
Will break it s resistance ?
The is characterized through the sma200 and the old supporting which turned into resistance.
If can trade above this Level @ 1175 the next tp can be 1210$.
If the resistance could not beaten, a new downswing can be exspected. The tp of this downswing could be 1125