© Dukascopy Bank SA
Pair has depreciated by 400 pips in the course of two days (from first touch point at 1.1747 till the pattern' support at 1.1347). It is possible to incorporate Fibonacci retracement of this move in to the analysis, but they seem not to have any effect after he first rebound from the pattern's resistance (Fibo 23.6% was located there). It is important to notice that the last bar is already testing both boundaries of the pattern suggesting that breach of the pattern could happen anytime now. High magnitude rating suggest that in case of such event we could expect significant and rapid movement of the pair.
© Dukascopy Bank SA