Outlook: On the 1D time frame, the price is still trading within a bearish channel/structure.
Bullish Scenario:
To shift momentum to the upside, the price must first break above Resistance 1 (1.103). A confirmed breakout above this level could open the way toward the breakout line. If the breakout line is cleared with strong volume, the next target is Resistance 2 (2.231). A sustained move above Resistance 2 could pave the way for a rally toward Resistance 3 (4.961).
Bearish Scenario:
If the price fails to break above Resistance 1 and falls below the breakdown line, it could trigger further downside continuation, confirming bearish pressure.
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