The price has stabilized above the flat zone and is currently trading towards breaking the 1.05287 level. However, this level may act as resistance, potentially causing a short-term correction before the price attempts to break above it and reach 1.06082.
On the other hand, if the price reverses and stabilizes below 1.04245, it will likely move back within the flat zone, indicating a possible continuation of sideways movement.
Tendency Keys: 2,880
Resistance Line: 1.05287, 1.06082, 1.06755
Support Line: 1.04245, 1.03503, 1.02614
Markets are all about perspective. If you see something different, let’s discuss in the comments!