Price drops like a rock as the USD received support from the United States economic data on Friday, remains how long this corrective phase will be. Now is pressuring the 1.3046 static support and could approach and retest the warning line (wl1) of the minor ascending pitchfork.
The warning line represents a critical support because a valid breakdown will open the door for more declines in the upcoming period.
Support can be found at the upper median line (UML) as well, price goes down after the false breakout above the upside line of the ascending channel. Only a valid breakdown below the UML will validate a major drop.
