A strong daily bullish candle at the support price is at right now may begin a bullish move up to 1.3500.
The candle forming currently is not overly bullish as it has a small body, so it's smarter to wait for a stronger confirmation signal.
Where price has been at since mid-October is a result of the breakout of an ascending triangle setup. Price also retested the broken triangle resistance as support on 2016-11-08 and 2016-11-09.
Now price is once again in this zone with a similar retest and a slightly lower bottom.
Onwards & Upwards.
The candle forming currently is not overly bullish as it has a small body, so it's smarter to wait for a stronger confirmation signal.
Where price has been at since mid-October is a result of the breakout of an ascending triangle setup. Price also retested the broken triangle resistance as support on 2016-11-08 and 2016-11-09.
Now price is once again in this zone with a similar retest and a slightly lower bottom.
Onwards & Upwards.