Resistance Zones: The chart highlights two prior peaks with blue circles, indicating areas of significant resistance where the price has previously turned downward.
The price may attempt to re-test these resistance levels.
Target & Stop Levels: The chart indicates a potential target level at 1.3850, which would represent a +1.4% increase from the current level. Conversely, the stop level is set at 1.3545, suggesting a potential loss of -0.9% if the price moves against the anticipated direction.
Fibonacci Levels: The price seems to have reacted around the 23.6% retracement level.
Moving Averages: The price appears to be above the 200-day moving average, typically a bullish sign.
Increase Exposure: The annotation "increase exposure around 1.3735" suggests considering adding to the current exposure if the price reaches that level, possibly expecting resistance there.
The price may attempt to re-test these resistance levels.
Target & Stop Levels: The chart indicates a potential target level at 1.3850, which would represent a +1.4% increase from the current level. Conversely, the stop level is set at 1.3545, suggesting a potential loss of -0.9% if the price moves against the anticipated direction.
Fibonacci Levels: The price seems to have reacted around the 23.6% retracement level.
Moving Averages: The price appears to be above the 200-day moving average, typically a bullish sign.
Increase Exposure: The annotation "increase exposure around 1.3735" suggests considering adding to the current exposure if the price reaches that level, possibly expecting resistance there.