The breach of the ascending trend line shown on the chart, as well as the 0.9975 level, was enough to reverse the bearish scenario that was mentioned yesterday, and the price subsequently retreated strongly to achieve its first target at 0.9910 support which is currently moving around it … The sell saturation indicated by Stochastic and RSI To test the breached level around 0.9975 – 0.9950 and gather enough momentum before heading to its second target at 0.9830 support.
A breach of 1.0050 resistance might be enough to end the downside scenario, and the price could then rise to test resistance at least 1.0100 – 1.0125.
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