Weekly - Still bearish within long term pitchfork indicating price may continue to move lower.
Daily - Price now trading within a rectangle chart pattern after second touch of 61.8% retracement level from lower low of September 30th resulted in a large bullish price move. This may see price move higher to 1.11800 which would be point (5) of the rectangle patten, if this upper resistance level is broken potentially move to 1.14100.
4 Hour - Price trading within a bearish channel since Jauary 1st. Psychological level of 1.1000 was where an inverse head and shoulder reversal pattern formed before large bullish candle finally broke the trendline indicating a short term rise. The head and shoulder target measurement was reached so move lower is quite possible if sellers return.
Daily - Price now trading within a rectangle chart pattern after second touch of 61.8% retracement level from lower low of September 30th resulted in a large bullish price move. This may see price move higher to 1.11800 which would be point (5) of the rectangle patten, if this upper resistance level is broken potentially move to 1.14100.
4 Hour - Price trading within a bearish channel since Jauary 1st. Psychological level of 1.1000 was where an inverse head and shoulder reversal pattern formed before large bullish candle finally broke the trendline indicating a short term rise. The head and shoulder target measurement was reached so move lower is quite possible if sellers return.