Descending Triangle
Updated
This descending triangle drawn on the Daily Chart could break to the upside and in this case 1.33200 is the first target & 1.35000 is the next one if the trend remains bullish.
Or it could bounce on the trendline and go back to the 1.30000 area, retest the 1.30400 level before going even lower.
I would wait to see how it goes after the market reopen before considering to enter in a trade.
WARNING : Tuesday at 9:30 GMT takes place the Consumer Price Index so be careful
Have a good week
Or it could bounce on the trendline and go back to the 1.30000 area, retest the 1.30400 level before going even lower.
I would wait to see how it goes after the market reopen before considering to enter in a trade.
WARNING : Tuesday at 9:30 GMT takes place the Consumer Price Index so be careful
Have a good week
Note
Break to the upside.Target is 1.3300.
Note
Traget Hit !Next target to the upside is 1.3500
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.