Scenario 1. If the daily candle closes above this line. Potential Long Entry. Target 1 : 1.06, If the counter-trend line is broken, further bullish moves expected. Braking the counter trendline - next target would be 1.07 followed by 1.08 & 1.095.
Scenario 2. If the daily candle closes below this line - Potential Target could be 1.04.