Here we go! Run Forest! ;-) The triangle got triggered - LONG!
0,6525 is the Level to watch! If the Pair can beat its latest swing high @ 0,6525 that would suggest the possible TPs @ 0,6585 / 0,6630.
If you like my analysis and find it useful, please take a second and hit the LIKE button and follow me. It takes some time to create these posts and your LIKES let me know it is helpful to you. As always, any comments are welcome. Agree or disagree.
Former Analysis:
Will the wedge be triggered?
Bearish view: The rejection from the 200-days EMA, and minor descending resistance for the latest bearish wave suggests a potential resumption to the downside. The cluster of moving averages holds well, and price heads lower breaking the support @ 0,638 for the recent consolidation (triangle). A possible TP can be the last low @ 0,6275.
Bullish view: The triangle can be triggered - that would suggest a minimum move towards the middleterm trendchannels upper edge. (3?). If the Pair can beat its latest swing high @ 0,6525 that would suggest the possible TPs @ 0,6585 / 0,6630.
0,6525 is the Level to watch! If the Pair can beat its latest swing high @ 0,6525 that would suggest the possible TPs @ 0,6585 / 0,6630.
If you like my analysis and find it useful, please take a second and hit the LIKE button and follow me. It takes some time to create these posts and your LIKES let me know it is helpful to you. As always, any comments are welcome. Agree or disagree.
Former Analysis:
Will the wedge be triggered?
Bullish view: The triangle can be triggered - that would suggest a minimum move towards the middleterm trendchannels upper edge. (3?). If the Pair can beat its latest swing high @ 0,6525 that would suggest the possible TPs @ 0,6585 / 0,6630.
Trade closed: target reached
