If this remains in the wedge we should see another touch of resistance from 2016 high. (possible breakout up or down over the next month or 2.
If we see a breakdown down from this wedge this week it could lead to further downside long term in the pair which could set new lows for this year.
If we see a breakdown down from this wedge this week it could lead to further downside long term in the pair which could set new lows for this year.
Trade active
Trendline is holding well so far.
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Disclaimer
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.