Ride the wave above the 1.1136 level with the target at 1.1130
The estimated pivot point is at level 1.1136.
If the assumption is true, pair growth will continue at the 1.1300 level. Critical for this scenario may be the level of 1.1136.
Alternative scenario: Rupture and price consolidation below the 1.1136 level will allow the pair to continue the decline to the levels of 1.1100 - 1.1060.
Opinion: ride the wave above the 1.1136 level with the target at 1.1130. In case of breaking of the level of 1.1136 sell with the obejtivo in 1.1100 - 1.1060.
If the assumption is true, pair growth will continue at the 1.1300 level. Critical for this scenario may be the level of 1.1136.
Alternative scenario: Rupture and price consolidation below the 1.1136 level will allow the pair to continue the decline to the levels of 1.1100 - 1.1060.
Opinion: ride the wave above the 1.1136 level with the target at 1.1130. In case of breaking of the level of 1.1136 sell with the obejtivo in 1.1100 - 1.1060.