Pirce made a lower plus a double top with a pin bar. Price has now broken the 1.400 level and rejecting that area. The first target is at previous support.
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After making a strong bullish move price has broken market structure. Price right now is testing an area of support and forming a higher low. I think the price will make another bullish move the upside and possibly break resistance. Another scenario would be price breaking the support and continuing to head downward.
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Price is heading towards a level of resistance which is also the 0.382 fib level. If the price rejects here we can continue to head downwards. Another scenario would be price breaking this level of resistance and test the trendline which is around the 1.9500 price level and also in between the 0.5 and the 0.618 fib level. If the price rejects in this area then...
Price broke the 107 level. Price is testing this area for a second time after one bearish move down. Price also wicked at the 0.5 fib level if price action continues to show bearish signs then this is a great short trade.
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Price broke support. That area is now acting as resistance and price is being rejected. Rejection is also at the 0.5 Fib level. My first target is at 1.20 and the second target is at 1.19
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