The idea is to get above the 1.3400 area as this has been support and resistance several times over several years.
This weeks Bullish reversal is a Signal for us that 1.3400 is the first Profit Objective, 1.3800 (2nd) , 1.4400 (3rd) and final should the Bearish wedge hold. If not its shooting for the moon and 1.5600
The weekly charts are showing higher highs and higher lows, so we are Bullish until proven other wise.
This weeks Bullish reversal is a Signal for us that 1.3400 is the first Profit Objective, 1.3800 (2nd) , 1.4400 (3rd) and final should the Bearish wedge hold. If not its shooting for the moon and 1.5600
The weekly charts are showing higher highs and higher lows, so we are Bullish until proven other wise.