© Dukascopy Bank SA
At the moment, the currency couple is trading near the upper boundary of the pattern; however, it may be too early to expect the breakout. Technical indicators are neutral for short and medium term and send ‘sell' signals for longer term, meaning that the pair is not likely to enjoy a rally in the nearest term and may even retreat from the pattern's upper limit in the hours to come.
© Dukascopy Bank SA