I believe this is heading for the monthly resistance which is lying in the zone 2.645-2.939. Once its hits that range, it is likely the price will be pushed back from there. And might head down to look for a strong support. But lets watch first the price move to the monthly resistance.
Trade closed: target reached:
So the price hit the monthly resistance zone and tapped the top of the zone and got pushed back intensely. The price dropped almost 15% after that. So this concludes this idea. I believe, the price is going to be under that resistance for a while. Lets check, what are the supports from where it can bounce to make a new high, in a new post.