Next serious resistance comes in around 1,16 with a confluence of pivots
(Monthly R3/Weekly R2 and Daily R3) PA is parabolic and the AB=CD pattern
with target at 1,18 sharp is the destination on the Weekly Timeframe. A bounce
off 1,16 may give a good opportunity to go long, aiming for 1,18.
(Monthly R3/Weekly R2 and Daily R3) PA is parabolic and the AB=CD pattern
with target at 1,18 sharp is the destination on the Weekly Timeframe. A bounce
off 1,16 may give a good opportunity to go long, aiming for 1,18.
