© Dukascopy Bank SA
As aggregate technical indicators on three different timeframes are sending either "buy" or neutral signals, the penetration of the pattern's resistance line can be expected. However, current market sentiment is bearish (75%), raising concerns that bulls will be strong enough to perform an upside breakout from the first attempt. Nevertheless, not later than in 3 trading days, we will see a breakout either to the south of to the north, making this pair highly interesting for trade.
© Dukascopy Bank SA