The price is starting an up move after bouncing off a support line() and a new uptrend line is forming. The volume of the last hours shows sign of accumulation
Up movement of the EURUSD currency pair. Target is the resistance line at 1.1608
-beginning of a uptrend
-Reverse Head and shoulder pattern
-increase in volume after reversal
In the next 5 to 10 day, the price will probably move to the resistance at 50.00. The price is starting an up move after bouncing of a support line and a new up trend line is forming. The volume on 16th and 17th august show sign of accumulation