Weekly chart shows bullish break from falling channel followed by a rising wedge. Whether prices breach it on the upside or downside could be decided in a next month or so since we have June Fed rate decision and Brexit referendum.
A bullish break could see the prices test supply around a larger falling trend line resistance seen around $1370-1380.
A bearish break would open doors for a re-test of falling channel level now seen around $1220-1200.
A bullish break could see the prices test supply around a larger falling trend line resistance seen around $1370-1380.
A bearish break would open doors for a re-test of falling channel level now seen around $1220-1200.
