This is the situation: 2 patterns at the same time, the YELLOW and the BLUE
BLUE: lower low and higher low formed, and the blue resistance has been broken, so we probably see the EUR retesting the yellow resistance, for the yellow lower low and higher low.
If the yellow resistance will be broken, target to the monthly fibonacci retrace.
Don't forget the strength of the RSI.
This is my opinion, of course be careful of the weekly data. Good trading all.
BLUE: lower low and higher low formed, and the blue resistance has been broken, so we probably see the EUR retesting the yellow resistance, for the yellow lower low and higher low.
If the yellow resistance will be broken, target to the monthly fibonacci retrace.
Don't forget the strength of the RSI.
This is my opinion, of course be careful of the weekly data. Good trading all.