Price just touched the Weekly pivot point and 1.8060 at then took off
to set an ATH. If price close above previous high it is likely to see a move
towards the new Yearly R1 at 2.9750 and the Psych. 3.00 level, after
a breach of the Weekly R1 at 2.66. If price retracts and starts to move
down, the channel should support ultimately and if broken price may
reach the red line (previous resistance) for a test and below that stands
the Cloud support.
to set an ATH. If price close above previous high it is likely to see a move
towards the new Yearly R1 at 2.9750 and the Psych. 3.00 level, after
a breach of the Weekly R1 at 2.66. If price retracts and starts to move
down, the channel should support ultimately and if broken price may
reach the red line (previous resistance) for a test and below that stands
the Cloud support.