Scenario 1:- The ARB price has broken support and is at re-testing levels(1.1145 -1.1372) , indicating a potential long-term buying opportunity between 80-90 cents.
Scenario 2:- However, traders should remain cautious as there is a possibility of fake breakdown. The setup would be invalidated if the price gives 2 daily candle closings above 1.1145 -1.1372. With that being said , one can look for long opportunities till 1.2600 - 1.3000