Description
⋅ I'm really not good at analysis when markets are in a range and predicting the breaks unless the breakout patterns are strong and impending.
IN this case, it could be a Rising Wedge, which requires a breakout to the downside.
Or it could be a rising Wedge, where the breakout can turn up and go above the apex.
I'll route for a breakdown, purely based on the 21>7MA - down momentum and RSI<50.
Then potential target will be back to 1.0000.
Which way do you think it's going?