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In the current situation, two scenarios can be considered. First - the return of the price to the level of 1.1058. The second scenario - rebound from the upper border of the channel. The second option is better, since most of the positions in the market are long, and so many market traders will be difficult to move.
The most interesting is that "urobulls" still do not take profits on their long positions. They expect that the growth will continue. Current ratio of buy/sell positions is 70/30. If it becomes equal to 60/40, the market will start to flat, and it is unlikely that we will see a minimum update. Break the top of the channel cancels the scenario for reduction.
According to the technical analysis of the intraday outlook: minimum - 1.0974, maximum - 1.1030, closing - 1.0995.
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