Hi Traders!
The market was moving in a opening triangle.
The trendline was moving up.
Then it broke out last night to the next level at 1.35000.
After that it made a pullback.
Now the market could get some power and break out the trendline,
at least to the next level, to continue the trend.
We recommend to buy the breakout towards the next resistance.
The reason is that the market could form a double top formation in the next step,
if it fails to make a higher high.
Thanks and good luck :)!
The market was moving in a opening triangle.
The trendline was moving up.
Then it broke out last night to the next level at 1.35000.
After that it made a pullback.
Now the market could get some power and break out the trendline,
at least to the next level, to continue the trend.
We recommend to buy the breakout towards the next resistance.
The reason is that the market could form a double top formation in the next step,
if it fails to make a higher high.
Thanks and good luck :)!