The asset broke out of the symmetrical triangle pattern.
Sticking with established patterns, the initial liquidation target is forecast at 1.5642.
The identified strong support zone is between 1.1 and 0.96.
In the immediate area, the nearest resistance zone extends from 1.35 to 1.5.
A potential struggle is expected in this range, which is likely to lead to subsequent liquidation (x), followed by a local correction.
The prospects seem promising; let's remain optimistic.
Sticking with established patterns, the initial liquidation target is forecast at 1.5642.
The identified strong support zone is between 1.1 and 0.96.
In the immediate area, the nearest resistance zone extends from 1.35 to 1.5.
A potential struggle is expected in this range, which is likely to lead to subsequent liquidation (x), followed by a local correction.
The prospects seem promising; let's remain optimistic.
Comment:
A great area to look for long positions:
