However, this was not pose any resistance at all, so we could see a price rally to higher levels, and DMI confirms it. and (not shown) look overbought.
Market is currently struggling at the 0.786 level. This could be a new entry level if broken towards the next at 1 .
Next major begins near $0.57. It seems unlikely to reach this level short term.
Trades could be opened right now at a 1.79 Risk/Reward ratio or even better, wait for a short term reversal and entry after uptrend is confirmed again. This would increase the Risk/Reward ratio.