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We can see strong uptrend here. Price broke historical resistance zone 104 and also broke previously formed historical high 105. DMI is decreasing indicating that bulls might lose the power. So it is possible to see consolidation. Anyway, if another burst of a bullish pressure occurs, some analysis predict that price could go as high as 107.
5
After series of higher highs and higher lows, price has found resistance around 1.07800 level. Price then formed strong bearish reaction and broke 1.06500 support zone. It is possible to see bearish continuation to year-to-date (YTD) low level 1.03500.
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