Pair has been consolidating for several months. Has broken the 2013 uptrend_line.
Below 100 and 200 Daily sma. Finding some support on the 50 weekly sma.
Within Descending Triangle pattern. MACD turning negative. ( monthly MACD has turned )
Possible 5th wave, entry point. Weekly RSI has broken uptrend_line.
Confirmation breaking horizontal support at 100.700.
Needless to say, this support is quite critical.
Targets :
100.740
99.966
98.977
97.400
Invalidates, break above Triangle. Turns Neutral. with
resistance at 102.778 and 104.087.
Below 100 and 200 Daily sma. Finding some support on the 50 weekly sma.
Within Descending Triangle pattern. MACD turning negative. ( monthly MACD has turned )
Possible 5th wave, entry point. Weekly RSI has broken uptrend_line.
Confirmation breaking horizontal support at 100.700.
Needless to say, this support is quite critical.
Targets :
100.740
99.966
98.977
97.400
Invalidates, break above Triangle. Turns Neutral. with
resistance at 102.778 and 104.087.
