Previously
On the monthly chart we can see a sideways movement with resistence at 1,50-1,52 and support at 1,20-1,17. Since the minimum price of July 2012, we are ranging with top at 1,37 resistence zone. If we clearly breakout this level, the path will be free to return to the top at 1,50-1,52 area.
Price made a potential double top on the weekly 1.37 resistence ie the breakout failed two times in a row. This double top can guide us much more below current …