wedge

Mixed trading for the last 42 (trading) days has resulted in a large symmetrical triangle being posted on the daily chart. This formation has a bias to break to the downside

Reverse Head and Shoulders forming. A break of 1.1356 and the measured move target is 1.1450

We have a 261.8% extension level at 0.7020 (from 0.7315-0.7202). The daily chart highlights bullish divergence (chart makes a lower low while the RSI makes a higher low). Often an indication of exhaustion. Buying into dips offer ample…