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The prices have broken out the 1.0820 area (bearish trendline drawn from afar August 2002).
However, if a long-term context I think that the rise could continue, in the medium - short term the chances of being able to witness a decline are high.
In fact, from a technical point view, the prices are in area 1.1237 (resistance band represented by the 50% retracement of the fall from the highest of March 2009 and the bullish uptrendline previously perforated.
Consequently, it waits for a potential p…
However, if a long-term context I think that the rise could continue, in the medium - short term the chances of being able to witness a decline are high.
In fact, from a technical point view, the prices are in area 1.1237 (resistance band represented by the 50% retracement of the fall from the highest of March 2009 and the bullish uptrendline previously perforated.
Consequently, it waits for a potential p…