-Inverse head & shoulders pattern previously formed and reaching price satisfaction at 1.2386
-Looking to short down to 20EMA many technical traders will look to take profit after buying on the breakout.
-After shorting back to 20EMA price will test new high at 1.14x level.
**Conclusion: SHORT TERM BEARISH, MID TERM BULLISH!
-Looking to short down to 20EMA many technical traders will look to take profit after buying on the breakout.
-After shorting back to 20EMA price will test new high at 1.14x level.
**Conclusion: SHORT TERM BEARISH, MID TERM BULLISH!