The market did find a higher low, a bit earlier then expected but this shows there is strength in the market.
The current pattern looks like a triangle, a continuation pattern but with the pretty wide Bollinger Bands one may suspect some more consolidative trading between roughly 0.4000 and 0.6000. Most likely market will continue north after such action.
The current pattern looks like a triangle, a continuation pattern but with the pretty wide Bollinger Bands one may suspect some more consolidative trading between roughly 0.4000 and 0.6000. Most likely market will continue north after such action.