Yesterday we were expecting the 1.28 support to prevent prices from moving lower, and so far that has been the case. Current price action appears to be forming a triangle that should send prices above 1.2873
After what appeared to be an impulsive recovery from the low at 1.0825, prices retraced in a clearly corrective fashion leaving yesterday’s top at 1.0866 vulnerable. As a very minimum, my expectations will be to see prices moving above that …