Will it Break?
A breathrough the weekly support will drive this pair in a more bearish scenario delivering two main tagets beforea possible rebound to test the next scenario.
LOOKING FOR A POTENTIAL SHORT ENTRY AROUND THE 1.0538- 1.0547 AREA TARGETING A POTENTIAL BREAKTHROUGH THE WEELKLY SUPPORT LEVEL AT 1.0518 FOR A FIRST PROFIT AT 1.0500 AND A SECOND AT 1.047.
also a simmetrical triangle has taken place so you have to trade accordingly to price action. A break above the triangle area will invalidate this analisi.
LOOKING FOR A POTENTIAL SHORT ENTRY AROUND THE 1.0538- 1.0547 AREA TARGETING A POTENTIAL BREAKTHROUGH THE WEELKLY SUPPORT LEVEL AT 1.0518 FOR A FIRST PROFIT AT 1.0500 AND A SECOND AT 1.047.
also a simmetrical triangle has taken place so you have to trade accordingly to price action. A break above the triangle area will invalidate this analisi.
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