Rate broke out of the channel, tested the upper pitch of the fork and the pivot point as well and should now go to resume the downtrend. Target cn be around 1.1860.
Nokia has taken speed towards a downward correction(50 % ?)
Lokk at the volume spike yesterday! I suppose that we will see a fine rally if we broke the 18.05 to the upside.
The rate could go down as far as to 95.45. This is the 50 % retracement from 90.00 and a former top of May, 10th.
In an overall beginning downmove we may see an intermediate correction until 1,8720
This is not the question. We are in a sidewards range to continue. Rate could form a baerish Bat after reaching point D. And as we are in a sidewards range we should go long first. But not yet. It takes some buy signal first.