🔸WEEKLY CHART EXPLANATION:
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🔸Price broke the Descending Channel.
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🔸It has broken the Resistance Zone and now it is making a throwback.
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🔸If there is a bounce here, we consider that there is potential for a bullish move towards the next Resistance Zone at 0.8100.
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🔸 Will look for a lower timeframe bullish setup in case that happens.
🔸4H CHART ANALYSIS:
.
.
🔸Price broke the Descending Channel.
.
🔸It has broken the Resistance Zone and now it is making a throwback.
.
🔸If there is a bounce here, we consider that there is potential for a bullish move towards the next Resistance Zone at 0.8100.
.
🔸 Will look for a lower timeframe bullish setup in case that happens.
🔸4H CHART ANALYSIS: