Price testing longer term trendline... also the 1.23 handle, and the highs from jan15 & jan19. Will be interesting to see if the trendline holds. Reward to risk is good at this level, ultimately aiming for the 1.25 area & 1.2550 highs and taking some off the table along the way in to the 1.24's. Intraday price is holding the s1 level so far, connecting the highs there is an intraday trendline (blue line) which if price could break above would be bullish sign.
If long term trendline breaks will be good enough confirmation of a trend change at least in the short term.
If long term trendline breaks will be good enough confirmation of a trend change at least in the short term.