We are still at the levels of last week, we tested the resistance shown to produce a rebound of small size. volatility and low cross which ended in a sideways trend, which seems to have taken the shape of a bullish flag order. The resistance is very strong, and only one outbreak of volatility may allow a substantial break, points out that just above the previous high abbbiamo a static and a psychological resistance important.
The match still to play, no sign of reversal, which would come just to break the downward flag with confirmed rupture of the blue moving average. Therefore, consider the moving average of the first target of the break flag, I consider that in order to safeguard in the event of a trap. A failure to return the flag it makes the next target in the 1.3450 area, with an eye to breaking volumes of flags, must be strictly upwards compared to the previous ones.
For a break we target 1.3700 on the upside but do not hesitate to close the position at 1.3680!
Always stop the hand, and remember the delicate situation, and then carefully and methodically follow the break!
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