Dear Oshawa,
In my statistics (and they are always prone to be wrong of course -> timezones, winter/summer time, change of broker a several times)
the ingres is captured within a diamond shape, where price tends to find the central horizontal line of that diamond, it does so most often within a few days after the event. However, in the current diamond, the central horizontal is 1.29000 and obviously that level has been hit already.
I would expect monday to "gap" up a little, or to move up a little, before going down.
In my statistics (and they are always prone to be wrong of course -> timezones, winter/summer time, change of broker a several times)
the ingres is captured within a diamond shape, where price tends to find the central horizontal line of that diamond, it does so most often within a few days after the event. However, in the current diamond, the central horizontal is 1.29000 and obviously that level has been hit already.
I would expect monday to "gap" up a little, or to move up a little, before going down.