2 scenarios

4 gen 2018

On the daily chart we see a long term descending channel within which there is a smaller ascending channel. In this moment we can either go directly to the touching area of those channels (around 1.23 ) and then move down or move first down to twards the lower border of the smaller channel and then up.

15 gen 2018

Nota

We are already in the upper part of the channel - expect soon a drop before the another rise.