**Yearly Chart**
At the beginning of each year, I like to see the yearly candle and see how it closed in relation to the previous year candle.
2023 yearly candle closed bullish after it bounced from the key level at 1.6000 (round number) in 2022. Last year we saw the price created a new high at around 1.8000 key level.
**Monthly Chart**
Last month's candle closed as bearish, suggesting the intermediate trend might continue lower before it bounces and moves higher. However, if the price moves below 1.7000 there is a high chance for the pair to continue the move at least to 1.65000 level.
**Weekly Chart**
As per the weekly chart, short-term directional bias is short, while long-term directional bias is still long. I would like to see the price move slightly lower towards the 1.72000 key level near the weekly Manipulation candle of week 22nd May 2023 and provide a confirmation to move higher or break the structure and continue lower.
**Daily Chart**
As explained in the weekly chart commentary. I would like to see the price bounce from 1.72000 demand zone before it moves higher towards 1.82000 level.
At the beginning of each year, I like to see the yearly candle and see how it closed in relation to the previous year candle.
2023 yearly candle closed bullish after it bounced from the key level at 1.6000 (round number) in 2022. Last year we saw the price created a new high at around 1.8000 key level.
**Monthly Chart**
Last month's candle closed as bearish, suggesting the intermediate trend might continue lower before it bounces and moves higher. However, if the price moves below 1.7000 there is a high chance for the pair to continue the move at least to 1.65000 level.
**Weekly Chart**
As per the weekly chart, short-term directional bias is short, while long-term directional bias is still long. I would like to see the price move slightly lower towards the 1.72000 key level near the weekly Manipulation candle of week 22nd May 2023 and provide a confirmation to move higher or break the structure and continue lower.
**Daily Chart**
As explained in the weekly chart commentary. I would like to see the price bounce from 1.72000 demand zone before it moves higher towards 1.82000 level.
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