The daily chart shows that the price moved has moved under the support Monday to EMA21. Now it is back over the key support 1.02996. It if will say over this level the trend could be bullish.
The weekly chart shows more clearly the situation, after the retrace down to test EMA8, now a new up movement is visible for all week, if the price will stay over the key support.
Of course, it's important don't forget the key resistance that was already rejected.
The weekly chart shows more clearly the situation, after the retrace down to test EMA8, now a new up movement is visible for all week, if the price will stay over the key support.
Of course, it's important don't forget the key resistance that was already rejected.
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