What can you expect:
- Market have previously broke the down trend high (Red dotted line)
- Tendency for market to trend higher is high if it breaks the recent high (Nearest Red dotted line)
- Market might too find a strong supply of "Short-ers" at that area
- Market have a probability to short if it breaks the previous low
- By then, institutional trader would probably step in once it hits the 0.97 - 0.98 levels
All the best :)
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