Chart of the day

MKRUSD is testing the support 2560. A break below this level would lead to a deeper pullback to 1800 and possibly 1350. A break above 3060 is required for an upside continuation in the fifth wave.

A break above 3060 would confirm that MKRUSD will be in the fifth upside wave. A confirmed break below 1800 is required for the downside continuation and an invalidation of the short-term upside five waves higher.

_{Look for the long trade entries with a stop loss below 2800 upon a break above 3060. Short trades you can take in the case of a confirmed price action break below 2400.}