Possible target 78.6% retracement around 1215-1220.
Two methods to estimate the extent of the move after the breakout. First, the widest distance of the symmetrical triangle can be measured and applied to the breakout point. Second, a trend line can be drawn parallel to the pattern's trend line that slopes (up or down) in the direction of the break. The extension of this line will mark a potential breakout target.
ADP and FOMC Interest Rate Decision on Wednesday, NFP Friday and French Elections this weekend.
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