PRICE APPROACHING RESISTANCE LEVEL
INVERSE H+S PATTERN. RIGHT SHOULDER TO COMPLETE. PRICE IS CURRENTLY SITTING ON RECENT SUPPORT LEVEL.
SUPPORT &RESISTANCE AREA. PRICE HAS TESTED MULTIPLE TIMES.
TRIPLE REJECTION IN THE 0.98000 AREA
Price has broken out of daily trendline. Waiting for confirmation on a possible retest on the trendline. Fib levels confirm that a possible retest may happen at 38.2 or 61.8 level.
A reversal is about to happen either at 1.12200 after a retest or a little further downside to 61.8 fib level and then a push up. 61.8 Fib level sitting on the 1.12200 zone on the monthly. On the weekly 61.8 fib level is just below the zone so possible a little more downside before a reversal.