Price is currently trading below a key support zone, which previously acted as strong demand.
This level has now turned into resistance (S/R flip).
Key Levels
Resistance: 1.55 – 1.65
Major Resistance: 2.00
Support: 1.20 – 1.25
Downside Target: 0.85 – 0.90
Scenario 1 – Bearish Continuation
As long as price remains below 1.55, the bias stays bearish.
Failure to reclaim this level increases the probability of a move toward 0.85, which aligns with previous demand on the higher timeframe.
Scenario 2 – Bullish Recovery
A clean weekly close above 1.55–1.65 would invalidate the bearish scenario.
In that case, price could rotate back toward 2.00, where heavy resistance is expected.
Conclusion
This is a high-timeframe decision zone.
Patience is key — wait for confirmation instead of anticipating the move.
What do you think: breakdown continuation or reclaim of resistance?
MrC
This level has now turned into resistance (S/R flip).
Key Levels
Resistance: 1.55 – 1.65
Major Resistance: 2.00
Support: 1.20 – 1.25
Downside Target: 0.85 – 0.90
Scenario 1 – Bearish Continuation
As long as price remains below 1.55, the bias stays bearish.
Failure to reclaim this level increases the probability of a move toward 0.85, which aligns with previous demand on the higher timeframe.
Scenario 2 – Bullish Recovery
A clean weekly close above 1.55–1.65 would invalidate the bearish scenario.
In that case, price could rotate back toward 2.00, where heavy resistance is expected.
Conclusion
This is a high-timeframe decision zone.
Patience is key — wait for confirmation instead of anticipating the move.
What do you think: breakdown continuation or reclaim of resistance?
MrC
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