: Price action
in 2 hr
time interval has breached first resistance trend line
of 1.1210 and is within sight of 2nd resistance line of 1.1292. There are 2 converging trend lines
: downward sloping & upward sloping forming a wedge
formation. A converging trend line
formation is a setup of either a strong directional move upward or downward. As such, price action
must overtake next resistance barrier, otherwise a sharp pullback is imminent.