Last week, price didn't manage to break below the 1.2380 level and at the same time it didn't manage to break new high. As such price continued to consolidate in a triangle pattern.
A break below the 1.2380 level would send the pair likely towards the 1.2045 level.
However, as long as this level holds and price breaks above the triangle, the uptrend will continue and push price further upward.
I would love to hear your opinion, feel free to comment, agree or disagree.
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Cheers,
KY
A break below the 1.2380 level would send the pair likely towards the 1.2045 level.
However, as long as this level holds and price breaks above the triangle, the uptrend will continue and push price further upward.
I would love to hear your opinion, feel free to comment, agree or disagree.
--------------------------------------------------------------------------------------------------------------------------------------------------------------
Always wanted to connect, learn and help one another throughout your trading journey? Join our community for FREE at www.facebook.com/groups/fxpipsology/ The only thing you need to 'pay' is your commitment to trading and sharing!
Have a great pipping day!
www.fxpipsology.com/
www.facebook.com/fxpipsology
Cheers,
KY
