Rising wedge is under construction, where price could go down to 1.17150 - 1.17250 before completing the impulse minute wave ((v))
While a break of the 1.17150 - 1.17250 levels could be a break of the wedge and price could continue its downfall and test level 1.16760. If the price breaks 1.16760 more downfall could come where next support will be at 1.16000.
Entry: 1.18200 - 1.18500
SL: above 1.18500
TP1: 1.17350
TP2: 1.16800
While a break of the 1.17150 - 1.17250 levels, will confirm a invalidation for this analysis.
The fundamentals will be included in a deeper analysis on a bigger time frame. ( will be uploaded in the end of this week. )
While a break of the 1.17150 - 1.17250 levels could be a break of the wedge and price could continue its downfall and test level 1.16760. If the price breaks 1.16760 more downfall could come where next support will be at 1.16000.
Entry: 1.18200 - 1.18500
SL: above 1.18500
TP1: 1.17350
TP2: 1.16800
While a break of the 1.17150 - 1.17250 levels, will confirm a invalidation for this analysis.
The fundamentals will be included in a deeper analysis on a bigger time frame. ( will be uploaded in the end of this week. )