148.50 is a significant s/r level. Price has finally broken through it recently. Watch PA and retest of 148.5 to go long.
FTA = 160.000
Go short at 148.5 if price breaks back below this level. FTA 144.000
1.65 has been a significant s/r area and price is flirting around it. Looks like a head and shoulder pattern is forming on top of it.
If price stays above 1.65, the FTA to look out for is the 1.69 area (blue line = .5/.68 fib level) and because this area has held as a s/r level.
Watch PA around the 1.69 area and look to go short on a retest.
If price breaks ...
Watch PA around 1.9408, potential move to the downside if first trend line breaks. There are a few long term trend lines in the way to watch out for, and a move below 1.8693 (orange line - Jun 2010 low) should extend down to 1.7186 (green line - Aug 2015 high).
If price stays above the first trend line, then there is a potential move up towards 1.20315 (blue ...