Price will create a pivot around 1.09626 and thus break the previous high indicating a change of character to the upside. Also, a falling wedge chart pattern is formed at the end of the bearish trend indicating a trend reversal to the upside.
The price level 20423.41 respects the fib ratio 0.23, the supply zone and the volume profile in the 4hour chart. The directional bias of the market is to go short on this market.
