© Dukascopy Bank SA
For the past 3 and a half week pair has been narrowing its trade range. There are approximately 25 bars, slightly less than 10% of the pattern's length, left till the pattern's apex which is located at 1.4229 on the 3rd of July, 11:00 GMT. Technical indicators in accord point at further, after a recent bounce from the pattern's support, pairs appreciation. It seems that so it will breach the pattern's resistance as well. At the moment the pair seems likely to advance all the way till 1.44. There we can find a 3 year high of the pair. Pairs future after that is rather hazy.
© Dukascopy Bank SA