Currently trading within a contracting range, so we’ll get get some kind of resolution quite soon.
I am bit more bullish here, because of these two head and shoulders patterns.
I am looking for a break above 1.0800 to trigger the smaller one, which is also important because of the major falling trendline, for a move towards the neckline of the larger head and shoulders at around 1.1300 and if we get a break there – target the 61.8% breakout target which is also former broken support area around 1.2100