Price is currently in an ascending trend line. It was near a retest of the trend line but the 61.8 line had more support. There is strong divergence on the RSI. Tweezer bottom rejection of the 61,8 line in the 1 hour chart.
Note, daily daily RSI is in over bought territory. If price fails to break the pink minor trend line (my entry as I missed earlier) then I expect price to start a bearish move and break through the main trend line.
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trade active and looking so far
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price is respecting the 38.2 level. 0.86900 seems to be area of resistance
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Daily - shooting star being formed - Shooting star rejecting just before 78.6 level - 1Hr shows price has formed a double top and will not break the high.
4hr - RSI divergence growing - minor trend line placed underneath Lower Highs waiting for Break out. - 0.86890 acting as support. Bearish pin bar forming, could indicate trend continuation
1Hr - waiting for break and closed below trend line