The weekly support at 1.21 now acts as our resistance. The US Dollar Index is Bullish on the weekly chart,the USD is gaining strength against most currencies.
This pair has made a breakout of the trendline support.
We might see a possible retest of the 1.185 level.
A good entry would be after prices break the support at 1.17. We have three targets for now, 1.16; 1.15; and 1.14.
I'm excited to see what happens :)
Kommentera
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The pair is already making the retest on the 1.185 level and testing our previous support which is now the resistance.