Above we have a support trendline that remains largely unbroken save for the Swiss Franc Tsunami from a while ago. It seems that the market intends to hold it whole for now. Above that, there is a resistance zone that has remained unbroken during the last 5 retests.
From this zone, price will either fall to the support trendline, or finally break through it and head up past the 1.02 area.
For now I'm waiting for a strong candle to close in either direction, outside of the zone.
From this zone, price will either fall to the support trendline, or finally break through it and head up past the 1.02 area.
For now I'm waiting for a strong candle to close in either direction, outside of the zone.
