In the phase of formation of the technical rollback from the top at 0.9275 we see a stop of the price in the area of 0.8649 and the formation of a local uptrend, near the support of which the pattern “Triangle” is formed.
This pattern forms an accumulation, foreshadowing further impulse in one direction or the other.
Which way should we wait for the impulse?
The trend is ascending and after the correction in the area of 0.8649, the price forms a local uptrend channel , which coincides with the trend; the price has also tested the channel support. There are all the chances of breakdown of the triangle resistance and price growth Short-term target – resistance 0.8863, medium-term target – liquidity zone 0.8970
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