Price has now found resistance at the 0.71500 region, where a pullback to set a higher low can be made at the 0.70700 region where a new higher high can then be anticipated as price is in the early stages of a trend reversal.
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D1: Clear break & retest of the descending trend line as new support
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Weekly: Hammer candle at key area of demand, flash crash I believe was cause by banks & institutions for the new year so price can build enough momentum to reverse trend.
Komentar:
there you have it, break & retest of 0.71500 as new support & further rise.