Price rallied aggressively and erased the last day’s losses, looks motivated to take out some important resistance level, signaling that the rate will increase further in the upcoming period.
Is pressuring the median line (ml) of the minor ascending pitchfork after the impressive breakout above the upper median line (UML) of the major ascending pitchfork. Right now is trying to take out the 1.1087 resistance (previous high). Sould increase further if will stabilize above the UML, even if will stay below the median line (ml) of the minor ascending pitchfork, another drop will come only if will fail once again to stay above the UML.
