The Weekly Probability is Bullish as price is making higher highs and the down Inner Trend Line was broken. Next meaningful Weekly resistance is at 1.1800 which is a Psychological level and the Weekly down Outer Trend Line. On the Daily chart I can see that there is an UP AB Boundary and the Fibonaci D Extension was hit. The Daily Fibonacci D Extension formed a confluence with the Weekly Pivotal Level at 1.1800 which means that price is overbought. I shall wait for a retracement before buying again.
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