I personally think that price will retrace back to the 1.10 Support zone as its exhaustion phase before pushing up to the 1.115 Area (1st potential Take profit). Highest Take profit target being 1.15 after another retest to relevant support zone (Swing Trade)
A reason for this is because on the daily chart we can see a wick rejection towards the 1.115 Resistance area. Price has been moving in an uptrend after it has broken the 1.10 Resistance area after price has been moving in a range since the start of April.
Let me know if you see any other confluences, if not please tell me why you disagree. Thanks
A reason for this is because on the daily chart we can see a wick rejection towards the 1.115 Resistance area. Price has been moving in an uptrend after it has broken the 1.10 Resistance area after price has been moving in a range since the start of April.
Let me know if you see any other confluences, if not please tell me why you disagree. Thanks