Price has reached a major resistance zone and is at the resistance of an ascending channel! If price breaches the 1.12616 level expect it to continue to the major support zone!
Price has reached major support zone. If price closes above 1.12616 then it will most likely head up to the major resistance zone once again.
Price has reached a major resistance level in the descending channel and also the green zone which is of significance. If price closes beneath the zone at 1.8018 then we could potentially see a major drop to 1.7915 level
Price has reached major resistance and is on its way down.
If price closes above 1.12616 then we may see a push up to the major resistance zone, then hopefully ride the wave down (trading with the trend as it is a downtrending structure). However, it could continue in the descending channel marked with the green trend lines.
Price has reached the resistance of the major descending channel.
We could see price drop to the next significant resistance zone if current zone gets breached.