Triangle formation building with a flat top and higher lows. This from the Daily trendline. Area of resistance 1.2360 which would need to be broken if this market moves higher. If 1.2360 is broken that would be the bullish sign to look for intraday long set ups.
If the daily trendline is broken & also the 1.2280 level is broken too that would be bearish signal and then maybe the market moves down to re test 1.2210 and 1.22 handle.
Wait for range between 1.2360 and 1.2280 to break and then trade in the direction of the momentum
If the daily trendline is broken & also the 1.2280 level is broken too that would be bearish signal and then maybe the market moves down to re test 1.2210 and 1.22 handle.
Wait for range between 1.2360 and 1.2280 to break and then trade in the direction of the momentum