CapMoore

Hints of more upside

FX:EURUSD   Euro/U.S. Dollar
185 1 2
After an impulse move up to the ABCD pattern completion,
and at the same time making a bullish kumo break, it has since
formed a pennamt/triangle. Technically, the target of a pennant
is the length of the mast, which points to the next top.
Targets below are the 161 extension of the CD leg at
1,2540 and the Weekly R1 at 1,2532. However if price fails
to trigger the pennant and moves below the Weekly pivot
point, next support level is previous low and kumo cloud
bottom.
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