If price breaks 1.09260 level will be looking to initiate long position. Stop below rejection area.Will be targeting next daily resistance area.
Very impulsive buying followed by shallow corrective move, price might just break out and never look back.
Long Term- Bearish
Medium Term- Range (both shorts and longs favorable)
Short Term- Bullish
Entering on raw reversal level. Stop (around 40 pips) goes just below most recent rejection area.
Targeting medium term range's top.
Now waiting for confirmation signal.