The recent breach of the support level at 0.5999 indicates a significant breakout, suggesting a potential downtrend. We can anticipate the price to decline until it reaches the next support level. Upon reaching this support, the price may consolidate and attempt to test the tough resistance levels once more.
Key Points:
1. Support Breach: The previous support at 0.5999 has been broken.
2. Downtrend:Expect the price to decline to the next support level.
3. Resistance Test: Post-recovery from the next support, the price is likely to challenge the tough resistance levels.
4. Risk Management: Always place a stop-loss to manage risk effectively.
Disclaimer:Always conduct your own research and analysis before making any trading decisions. This prediction is not financial advice.