Breaking the descending trendline signals growing bullish sentiment, most likely temporar momentum to test the Monthly Pivot level ahead.
If that leg up fails, the near term support level should be 0.76010 where a double bottom was formed.
Direction: Likely to retest the new Weekly Pivot/ Support zone
Price continues to respect the ascending trendline. Going into the new week, a retest of the new Weekly Pivot (purple) looks increasingly likely as bulls are showing weakness: unable to make higher highs in the ...