Depending on the reaction of the price to these structure, I see 2 potential scenarios.
1. If the price breaks and closes above 1.054 - 1.0655 zone,
a bullish trend continuation will be expected.
Next goal will be 1.077
2. If the price breaks and closes below 1.041 - 1.047 zone and a rising trend line simultaneously,
a bearish movement will be expected to 1.033 support.
Wait for a breakout, traders. That will show you the future direction of the market.
What do you expect?
1. If the price breaks and closes above 1.054 - 1.0655 zone,
a bullish trend continuation will be expected.
Next goal will be 1.077
2. If the price breaks and closes below 1.041 - 1.047 zone and a rising trend line simultaneously,
a bearish movement will be expected to 1.033 support.
Wait for a breakout, traders. That will show you the future direction of the market.
What do you expect?
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