Target: 1.1700
Risk: 1.1440
Technical reasons:
Rallying to surpass the descending channel’s resistance leads the price to achieve more expected rise in the coming period, expecting to head towards 1.1600 then 1.1700 levels.
The consolidation above 1.1440 will keep the bullish trend valid, and breaking it will push the price back to decline again.
Risk: 1.1440
Technical reasons:
Rallying to surpass the descending channel’s resistance leads the price to achieve more expected rise in the coming period, expecting to head towards 1.1600 then 1.1700 levels.
The consolidation above 1.1440 will keep the bullish trend valid, and breaking it will push the price back to decline again.