Break out of short term down trend testing nearest resistance at recent high. If daily candle closes above 0.850 we could see a run to test 1.0 again.
A small pull back and then a close above 1.0 should see a run to test 1.25 resistance.
Otherwise, a rejection here at could see it fall back to trend line or support at 0.625 to create a higher low before heading up again from the trend line.
A break of the long term trend line and close below 0.625 and previous higher low would be a bearish signal.
A small pull back and then a close above 1.0 should see a run to test 1.25 resistance.
Otherwise, a rejection here at could see it fall back to trend line or support at 0.625 to create a higher low before heading up again from the trend line.
A break of the long term trend line and close below 0.625 and previous higher low would be a bearish signal.