Red option less likely but we will see how it play out.
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resistance at 1.1246 has been met. Now might see a decrease to the 1.11760 level.
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probably retest the 1.122 level and maybe reach our target of 1.1275
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price is reaching the monthly trendline
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1.32 was definitely a stronger resistance to mark than the light blue region at 1.275. From the 29th of March to the 4th of April we have seen the price forming a reverse H&Ss pattern which was definitely a better entry (1.12155). Now we wait and see how the price will change and we adapt.