We are in the long timeframe balance (lower extreme area of the balance 1.4981 - 1.4044; high extreme area 1.5984 - 1.6731).
What I see now market is on the way to test upper extreme limit (1.6731);
2 scenarios:
1. break this level (1.6731) )will open door toward 1.7905 - 1.8757 previous balance area.
2. test 1.6731 and failed will trigger retrace toward 1.6122 - 1.5846 level;
For the 3rd of March I guess that we gonna test 1.6731 level and then retrace to get needed buying power to get through …
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