There should be an opportunity here for a buy or sell depending on what happens with the price action.
If price closes above the dark blue resistance line, I would expect price to go up to at least around the .97900 area. To take the safest trade, wait for a re-test of the resistance line (which would be support at a re-test).
If price closes below the upward trendline, I would expect price to continue down to at least the .97000 area. To take the safest trade, wait for a re-test of the trend line.
As always on my charts:
Red Lines - Monthly Support & Resistance
Orange Lines - Weekly Support & Resistance
Yellow Lines - Daily Support & Resistance
Dark Blue Lines - Support & Resistance Area I'm currently looking at (in this case 1 hr.)
If price closes above the dark blue resistance line, I would expect price to go up to at least around the .97900 area. To take the safest trade, wait for a re-test of the resistance line (which would be support at a re-test).
If price closes below the upward trendline, I would expect price to continue down to at least the .97000 area. To take the safest trade, wait for a re-test of the trend line.
As always on my charts:
Red Lines - Monthly Support & Resistance
Orange Lines - Weekly Support & Resistance
Yellow Lines - Daily Support & Resistance
Dark Blue Lines - Support & Resistance Area I'm currently looking at (in this case 1 hr.)
