Price action has formed a bullish ending wedge formation. We are trading close to the end of a descending Ending Wedge Formation. Previous resistance, now becomes support at 1.1800. Trend line support is located at 1.1775 Our outlook is bullish. The bias is to break to the upside.
Our profit targets will be 1.1869 and 1.1889
Resistance: 1.1800 / 1.1815 / 1.1830 Support: 1.1790 / 1.1785 / 1.1777 Signal Centre
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.