A POSSIBLE LONG... We need to see trading ABOVE 2.3520's for this trade to be instrumental to us. A close at this level and a new open on the daily would be even better.
Best of luck,
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The break of the last valid "2" @ 2,3383 shooted the pair to its target @ 2,4045. Since this High was formed we can see a healthy consolidation. Till now this consolidation ended between the 38,2 and 0,5 fibo-retracement - exactly where the breakout level is based. Thats possibly a good basis for a new jump.
-Prices above 2,37 will trigger the triangle/flag This will generate a target on the upside @ TP1 2,4045 and above that level TP2 @ 2,47.
-Prices below the breakoutllevel @ 2,3383 the midterm trend chanel is hurt. That generates the risk that the price can drop to 2,26.
If the pair can trade above the "2", the buyingsignal is active. TP= have a look @ the chart