This Analysis is Based On Price Action Theory.
As can be seen from this analysis, the price is moving in an ascending channel with multiple pullbacks and bouncebacks along the way. Prices and bullish markets both hold support levels. Therefore, if prices break the level, then we will have an event near 0.97861. This is the end of our bullish trend. If, however, the price moves upward, we will find that the retracement level is near 0.99375 when the price moves upwards.
As can be seen from this analysis, the price is moving in an ascending channel with multiple pullbacks and bouncebacks along the way. Prices and bullish markets both hold support levels. Therefore, if prices break the level, then we will have an event near 0.97861. This is the end of our bullish trend. If, however, the price moves upward, we will find that the retracement level is near 0.99375 when the price moves upwards.
