Since price tested key support at 1.5170, price has since jumped to 1.7500. The sharp jump is mainly due to the recent fall in the dollar as trade fear weighs in. Therefore, we might see a lot of volatility this week as the market is still digestion trade war/capital war.
Scenario One (Bearish Breakout): Price falls below the first key resistance
Scenario Two (Bullish Breakout): Price moves beyond the second resistance, where price consolidate above this level.
Scenario One (Bearish Breakout): Price falls below the first key resistance
Scenario Two (Bullish Breakout): Price moves beyond the second resistance, where price consolidate above this level.