The weekly chart is showing a shooting start. Confirmation is needed if the short term trend is reversing.
I still see the correction to the down side coming based on chart patterns above. Down side target is around 2.45-2.5.
Weekly support/resistance for 27th Jun - 1st Jul: 2.733, 2.712, 2.7, 2.679
Monthly support/resistance for Jun: 2.235, 2.26, 2.128, 2.204
4 hour chart is showing broadening top and within it, there is a symmetrical triangle. It could break up or break down.
I still see the correction to the down side coming based on chart patterns above. Down side target is around 2.45-2.5.
Daily support/resistance on 27th Jun: 2.667, 2.664 -> If these acts as resistance on Mon, chances is good that the price would break the symmetrical triangle.
Monthly support/resistance for Jun: 2.235, 2.26, 2.128, 2.204
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