DislikedThe UK fundies bring the cable test the trendline (support turn to resistance) but my resistance on 1.9727 and 1.9790..a break on this point will need to re evaluate.but a PO short on 1.9725 area maybe a good one.IMHOIgnored
First signs of (limited) upward movements have been established according to 1h and 4h chart. Both TF shows flag patterns and 1h have closed above flag pattern and is working on retest of currently line. If this line, which we want to turn into support fails, I would change my approach back to bearish.
If those flags are broken (to the upside) I would target .9800 before we are heading down again. As you say, a break above here would change (my) sentiments. Heavy resistance should occur here (round number combined with descending triangle on daily, lower line).
Again, if price fails to close above flag pattern, this post have been a waste
Measure twice, cut once