We had a really major downtrend within the last 9 weeks. After forming 2 bearish flaggs, always the downtrend continues ... but now we failed to form a deeper position.
We tried it 3 times ... and always failed to break through. So we formed a support level there next to 1.15 There is a diamond bottom reversal pattern, giving us strong buy signal. U can see it as a double or tripple bottom too.
My targets for shortterm would be 1.18 and 1.20 as a natural resistance key level.
happy trading!
!! Mention: This is my personal opinion, no trading advice. Its your money, your trade, your risk and your responsibility