© Dukascopy Bank SA
Right now the currency pair is moving en route to the lower edge of the pattern, which is supposed to initiate a pull-back once the price slides down to 0.9757. This support is also reinforced by the daily S2. However, the technical indicators on all three relevant time-frames are showing contradicting signals, meaning that the development of the dip in the nearest future may not be straightforward.
© Dukascopy Bank SA