© Dukascopy Bank SA
Now the pair is swinging above the upper boundary and the proximity of the apex increases chances that the breakout has occurred. At the same time, market players are not in favour of this view, being bearish in 66.67% of cases. If traders' expectations materialize, the pair will drop below the upper limit after being clung to this level for more than 16 hours thus confirming that we still have to wait for the real breakout to happen.
© Dukascopy Bank SA