Currently trading within a contracting range, so we’ll get get some kind of resolution quite soon.
I am bit more bullish here, because of these two head and shoulders patterns.
I am looking for a break above 1.0800 to trigger the smaller one, which is also important because of the major falling trendline, for a move towards the neckline of the larger head and shoulders at around 1.1300 and if we get a break there – target the 61.8% breakout target which is also former broken support area around 1.2100
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.