Currently, price osscilates around the level of strong, downside trendline.
We can have ~3 potential setups here:
- Breaking through the upper trendline, bouncing off the resistance at the 1.15 and then going up
- Breaking through the upper trendline and going straight to the 1.42 resistance
- Breaking through the lower trendline and going down (very unlikely to happen)
We can have ~3 potential setups here:
- Breaking through the upper trendline, bouncing off the resistance at the 1.15 and then going up
- Breaking through the upper trendline and going straight to the 1.42 resistance
- Breaking through the lower trendline and going down (very unlikely to happen)