Price is unlikely to break out from this long term liquidity box before brexit. Trendline breakout failed with bearish engulfing.
We hit the top of this massive liquidity block (1.3400) from price is likely to go back to yearly pivot which is at 1.29084. Price is formed double top on 1 hour.
Round number (liqiudity levels) levels 13400-13500 should absorb this bullish move - pretty inefficient.
First target monthly high at 1.31730.
Second target yearly pivot at 1.29084 *roughly 1.3000
Yearly high is at 1.35147
We hit the top of this massive liquidity block (1.3400) from price is likely to go back to yearly pivot which is at 1.29084. Price is formed double top on 1 hour.
Round number (liqiudity levels) levels 13400-13500 should absorb this bullish move - pretty inefficient.
First target monthly high at 1.31730.
Second target yearly pivot at 1.29084 *roughly 1.3000
Yearly high is at 1.35147