Nothing much has happened since the opening of this week, the price is still just a few points below its opening price. On this chart, if the price pulls back to the upperside, then we’ll be looking at price around 1.21765. If the price breaks and closes above this level, then we’ll expect further rally towards 1.22218 and could breakout much higher towards 1.22648. On the flip side, if the price breaks below 1.21415, then we will be looking for more momentum to the lowerside towards 1.20 and could breakout much lower.
Sell a rebound from 1.21765.