Yesterdays trading sesseion blow away the downtrend. Now the pair is consolidating at a high Level and so is forming a bullish flag.
as Long as we do not reenter the downtrend and are trading above 1.1233 the Chart seems very bullish for me.
1.1233 flag bottom -1.1265 flag upper edge -1.121 (0.5 fibo/trendline)
Levels to watch:
Comments are Welcome!
Regards Mary