At the moment, the support at the level of 0.5770 is preventing the quotes from continuing south, while the resistance at 0.5890 is also not allowing the development of a northern path. This indicates that there is currently some sideways movement and accumulation taking place. Next, there may be a breakthrough of the bottom to trigger stop-loss orders, and then the quotes will turn towards the north, overcoming the resistance to continue in a northern direction. In this case, we will look at possible northern targets based on the actual continuation of the trend. Also, remember that a breakout beyond a level with confirmation is a signal for a possible continuation of the direction towards overcoming it. Wishing everyone a good day.
