Price looks like beeing squeezed in a triangle between 2 opposites trends.
Market is undecided, outcome is coming. Prepare to choose the right trend within a couple of month. With probably a nice brakeout.
My bet is that the outcome will be NORTH as
* 12.93 is a 50% fibo support
* Longer term uptrend will play out
* USD becomes stronger on the market
Market is undecided, outcome is coming. Prepare to choose the right trend within a couple of month. With probably a nice brakeout.
My bet is that the outcome will be NORTH as
* 12.93 is a 50% fibo support
* Longer term uptrend will play out
* USD becomes stronger on the market
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.