-The price is trading in a clear short term , within the context of the longer term .
-The price has broken 1. 0000 horizontal support and psychological barrier.
-MACD completed a crossover, while Histogram is bearishly divergent.
- A potential target is at the support of the , and near 0.9820 level.
- The short term may unfold to be a continuation pattern, and therefore a break above that channel may negate the scenario, and signal the continuation of the within the main .
Best of luck, join me at https://twitter.com/thefxchannel
Skype: Technician - The forex channel