Where Too Next Down 1.15 Then Up To 1.25 ??After reaching the 1.25 target from my previous analysis posts price has reacted well and the next likely path is down towards the 1.15 area and below.
At this level we have a nice newly created weekly DEMAND/BUY zone which sits on top of a huge monthly zone also sitting bang in the middle of this weekly zone is the 2020 low at 1.14.
I will be looking for long term swing BUY signals as price goes below 1.16 and edge my way into a position I expect 1.14 to be a level markets will be drawn too time will tell.
After the test of here then longer term price should look to take out 1.25 and go above the last swing high in the trend.
This is a long term trade idea and will take time to play out so do not expect immediate movements although that can happen this is the most likley direction of this pair for this year.
