After today’s economic data from United States, the price has increased with approx 200 pips, has hit the resistance and now is trying to close above. On daily chart we have a symmetrical triangle, if the price will manage to close above the resistance then is likely that will continue the upward movement.We cannot exclude a pull back on short term after this bullish momentum, but the perspective is bullish because the Nikkei 225 index is trading above resistance.

If the price will continue to grow, the first upside target will be at the median line of the pitchfork.


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