Will the wedge be triggered?
Bearish view: The rejection from the 200-days EMA, and minor descending resistance for the latest bearish wave suggests a potential resumption to the downside. The cluster of moving averages holds well, and price heads lower breaking the support @ 0,638 for the recent consolidation (triangle). A possible TP can be the last low @ 0,6275.
Bullish view: The triangle can be triggered - that would suggest a minimum move towards the middleterm trendchannels upper edge. (3?). If the Pair can beat its latest swing high @ 0,6525 that would suggest the possible TPs @ 0,6585 / 0,6630.
Bullish view: The triangle can be triggered - that would suggest a minimum move towards the middleterm trendchannels upper edge. (3?). If the Pair can beat its latest swing high @ 0,6525 that would suggest the possible TPs @ 0,6585 / 0,6630.
כתב ויתור
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