The price is close to a zone of resistance if the price is not able to break the 1.0847 area will be an execente to go short. short to 1.0363
If the price the price breaks the resistance that is located in the blue zone of 1.0847 the arrival price 1.1125 will be an excellent long trade.
Retest awaiting confirmation RESISTANCE THEN WAIT FOR A TURNAROUND OR A BREACH OF RESISTANCE.
1) IF THE PRICE WE CAN BREAK RESISTANCE TO GO IN LONG 132,008.
2) IF THE PRICE RESISTANCE bounces off we can take TP1 125.30 and TP2 127.35 ..
formation of a descending triangle on the daily chart formed by a trendline that has been validated four times and support I is validated, it is expected that price does break the pattern of descending triangle to go to the next monthly support, which is in 118.75-116.40.