There's one key annotation to review over on this timeframe.
1. Price finally stopped trading in this range. This area indicates that price failed to trade to a new lower low. The breakout to the upside has a probabilistically likely chance to continue. This is also viewed over on the daily time frame.
1. Price finally stopped trading in this range. This area indicates that price failed to trade to a new lower low. The breakout to the upside has a probabilistically likely chance to continue. This is also viewed over on the daily time frame.
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Here's the daily time frame. Price is also holding supported at the 1.6974 level.
