Chart says it all. Long term look. If the 1.15 support turned resistance holds as resistance we could see a fall to the bottom of the blue channel. If we break back into the area above the 1.15 then we could potentially see a new bullish cycle
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A pump above the 1.1500 level and a retest to prove it as support... gearing up for a great new bull run
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A failed break out above the 1.15 could be a very bearish development. Will watch this closely next week to determine the best move.
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The failure at the neckline of the massive head and shoulder has been uncanny. Likely headed to the bottom of the blue channel
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This chart still proving to be valuable as we retest historic levels
Like it if you like it, and comment if you have a question. I'm happy to answer!
***This is a reflection of my own educated opinion and should not be viewed as financial advise, please use this for educational purposes only.***
***This is a reflection of my own educated opinion and should not be viewed as financial advise, please use this for educational purposes only.***