In analyzing the weekly chart it looks as it´s in a current back-up (BU) of a distribution. If we zoom into a daily chart price just broke a wedge resistance and it could test this new support level and produce the BU for the weekly distribution.
Buy limit: 1.1330
SL: 1.1280
TP: 1.1580
RRR: 1:7
Buy limit: 1.1330
SL: 1.1280
TP: 1.1580
RRR: 1:7
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.