If the break becomes a reality, this is my analysis about price action, acting as a daily pullback or just a rejection from the big resistance in 124.240 area.
So what could happen? In my analysis the price need to make a High-Low so that area that is marked with a circle may be a good zone to stablish de pull and also the RSI mark an overbought price in weekly chart, remember this is the last week of the month so... lets see what happen !
The price action moves too strong these days, also weeks to long... Now theres only 20 more pips to touch a resistance and also the price is now in a rejection zone, so.... i hope this pullback/rejection and continue to long, lets see what happen !
After this breakout theres 2 options, that the market will go directly to the next support, or the option i think its more reliable... the one of the pullback and find next support !
Lets wait for price movements !
