1.14106 area has been used as resistance ( purple arrows ) and more recently as support ( blue arrows ) which price is currently at, mix this with the trendline ( blue line ) that price has been respecting, we can see a descending triangle forming, This is price been squeezed and when this happens we normally see an explosive move to the upside.
So either today or early tomorrow we should see a big move, so we will be placing some orders ready to catch this move to the upside if it happens, if it doesn't go to plan then we haven't lost anything, but if it does then we will be laughing all the way to the bank snacking on pips as we go :p
So either today or early tomorrow we should see a big move, so we will be placing some orders ready to catch this move to the upside if it happens, if it doesn't go to plan then we haven't lost anything, but if it does then we will be laughing all the way to the bank snacking on pips as we go :p