Pure technical brief forecast that expects downturn or an uptrend continous trend. The reversal is less likely, there exists a support line, very strict one, tho. possible. Raising FED rates might affect capital more likely to go into Brasil, therefore not strongly support BRL appreciation.
Plain description of a straightforward idea. We face a pattern completion on a higher time frame - weekly one. Follows standard EUR,USD development in the past. I did seen it many times, we are testing just its ,,power.. Watch with me.