The drawing is based on market structure. I think the market it's on an uptrend. It reached a new zone where if it continues to be bullish it will go from 1.09 to 1.11. Otherwise, it will go down to 1.05.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.