On the 4H timeframe price bounced off support and 50 MA and will test resistance at 0.65 soon.
On the bigger picture, there is a gigantic Cup and handle with resistance at around 0.8, which is also a psychological resistance.
The C&H pattern has a breakout target of 1.50 and beyond, ready to set new highs by the end of 2021.
Patience is the key for this one!
On the bigger picture, there is a gigantic Cup and handle with resistance at around 0.8, which is also a psychological resistance.
The C&H pattern has a breakout target of 1.50 and beyond, ready to set new highs by the end of 2021.
Patience is the key for this one!
