- Break of ranging market and continue to the upside. Potential long term target could be 2.00900.
Scenario 2
- Continue of a ranging market / consolidation period (DO NOT TRADE THIS).
Scenario 3
- Move to the downside and a break of the support level. Potential target would be 1.91270.
Comment
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Currently seeing price test that upper supply zone, activating Scenario 1. Will monitor this pair closely now and we could see a break and retest of this zone, then a further move upwards to target.