Market Analysis: The pair has broken the trend line support and is not moving to retest the broken support level. So if the trend line resistance hold we can see a new down trend to 1.1118 support level. A break below that can open a new long term shorting opportunity.
Alternate Scenario: If the market breaks the trend line resistance it could reach to the next major resistance level near the 1.14291 level. So lets what and see what the market does in the coming days, Cheers!
Alternate Scenario: If the market breaks the trend line resistance it could reach to the next major resistance level near the 1.14291 level. So lets what and see what the market does in the coming days, Cheers!
