On the weekly we see where market is respecting previous trend as it did back in 2016. We see were market formed double bottom at major support level 1.20000 signalling a reverse from bearish trend. Market then broke resistance level 1.28800 and retested it. (www.tradingview.com/x/v2UTOCHM/). On the daily we see the market shaping up to form an ascending triangle (
). On the flip side current market failed to break key level 1.30700. Should market fail to break it again we should see a push to the downside to target 1.29800 possibly forming right shoulder thus forming a Head and Shoulder pattern on the 4H timeframe.