Pattern: Emerging bullish channel on 1D.
Signal: Bullish as the price rebounded on the 1W Support and broke the 1D Resistance to start a new medium term uptrend.
Target: 1.4200 (just below the 1W Resistance Zone).
Pattern: Monthly sideways movement within 1D Support/ Resistance levels since April 22.
Signal: Bearish as the price approached the 4H Resistance. Can also add if it approaches the 1D Resistance.
Target: 1.1120 (just above the 1D Support Zone).
Pattern: Upside break out from a Channel Down on 1D.
Signal: Bullish as break outs on the previous Channel formation resulted into a reversal.
Targets: 125.000 (0.618 Fibonacci retracement) and 126.800 (full retracement as the previous break outs resulted into).
There is heavy Resistance from the Lower High trend line on 1D (bold dashed line).
If broken to the upside, a -0.82% high from the previous top may be made. The target on this scenario is 1.1353.
If rejected, it should test the 1D Support at 1.11815.
*Notice the 4H Channel Up pattern that resembles the one during February. This supports more the bullish break...