Evident signs that the trend will continue after bouncing off the 1 year resistance at 1.275. Looking to continue down to the 1 year resistance a breakout from that will leave the next levels exposed. Looking for entry points at the previous minor level of support which has now become minor resistance.
A break out of the weekly channel will signal a reversal, however very unlikely due to the limited amount of economic phenomena to give the price the momentum it needs.
A break out of the weekly channel will signal a reversal, however very unlikely due to the limited amount of economic phenomena to give the price the momentum it needs.