This is my first analysis here, i hope you like it!
As we can see, on Friday we saw the price go to the upside, rejected the resistance on 1.37500 and now is falling.
We have two different scenarios here:
1- Price will continue going to the downside, touch the support and the trendline and reject this zone to go to the upside. If this happen, we could see price making higher high.
2- Price break out the support and the trendline, price will do a pullback for then go to the down side
Probably will see price break out the support and the trendline because in 4h chart, we can see a divergence to the downside
For now, price will continue falling to the next support trendline, bollinger bands are more wide so probably we will see going to there.
We hace to wait to touch it, and then look for go long or go short.
As we can see, on Friday we saw the price go to the upside, rejected the resistance on 1.37500 and now is falling.
We have two different scenarios here:
1- Price will continue going to the downside, touch the support and the trendline and reject this zone to go to the upside. If this happen, we could see price making higher high.
2- Price break out the support and the trendline, price will do a pullback for then go to the down side
Probably will see price break out the support and the trendline because in 4h chart, we can see a divergence to the downside
For now, price will continue falling to the next support trendline, bollinger bands are more wide so probably we will see going to there.
We hace to wait to touch it, and then look for go long or go short.