The pair overcame the resistance level
On the chart, we observe that after a slight delay the pair has crossed the mark of 1.3025 and we are seeing the formation of the 3rd ascending wave. Around the mark of 1.3025, we can position the level of the shoulders and assume that the pair has formed an inverted head and shoulder pattern.
Therefore, we believe that the upward movement will continue and has the potential to reach the level of 1.3240. Our technical indicators also indicate a purchase. Therefore, we advise you to look for points to enter long positions and set take profits near the level of 1.3240.
Therefore, we believe that the upward movement will continue and has the potential to reach the level of 1.3240. Our technical indicators also indicate a purchase. Therefore, we advise you to look for points to enter long positions and set take profits near the level of 1.3240.
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