It is expected after the decline below 1.2500 to have some consolidation. If we look at the pattern, it feels like an inverted shoulder-head-shoulder pattern in the making. The right shoulder will be the consolidation between 1.2465-1.2680 for now.
The neckline is the key of the break and if broken, we see much higher in the 1.28-1.29 mark. I will update again on that matter coming days.
The neckline is the key of the break and if broken, we see much higher in the 1.28-1.29 mark. I will update again on that matter coming days.