. **Key Levels (Support and Resistance:**
- **Upper Resistance:** 0.7793 (Highest observed level) → Potential Selling Zone.
- **Minimum Resistance Levels:** 0.7500 and 0.7098 (Current Asking Price).
- **Major Support:** 0.7000 (Important psychological level) → Potential Buying Zone.
- **Strong Lower Support:** 0.6500 and 0.6000 (Defensive levels in case of sharp decline).
- Bullish Breakout
- If the price closes **above 0.7500** with high trading volume, this indicates buying strength and a potential target towards 0.7793.
- The current price breakout **0.7098 (Asking Price)** may support a short-term bullish trend.
Bearish Breakout
- Closing price **below 0.7000** with confirmed trading volume may push the price towards 0.6500 or 0.6000.
- Failure to hold 0.7095 (Selling Price) may indicate temporary weakness.
Immediate Areas of Interest
FVG Area (Fair Value Gap)
May indicate a price gap that needs correction. If the price is within this area (0.7095–0.7098), it may seek balance between supply and demand.
- Current contraction in price range (0.7095–0.7098)
- Indicates a struggle between buyers and sellers, with a slight edge for buying (Asking Price higher than Selling Price)
4. Short-Term Price Direction
Bullish Scenario
- Break above 0.7500 with a close above it → Targeting 0.7793.
- Current support at 0.7000 reinforces confidence in the bullish direction unless breached.
Bearish Scenario
- Breaking 0.7000 → Collapse towards 0.6500.
- Decreasing volume at resistance (like 0.7500) may indicate weakening bullish momentum.
