The present rising triangle would suggest a further break to try probing the next round number at 0.7700 and follow on to retest last highs at 0.8000.
On 4-hour charts, we can see how price broke through the recent confirmed ascending trend and consolidated for a while around the median line of the Pitchfork channel. It is presently retesting that level, which has been like a magnet all throughout this month: should it hold, the price could navigate towards a retest of the rising lower trend line and bottom line of the Pitchfork channel, at around 0.7460, with a potential break down to the previous swing low at 0.7400.
© 2025 Created by James Dicks.
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