Chart, page-19929

I see 4 possible scenarios...

1. We continue to break out and assume the news to be super positive

2. Drop back down to maximum 1.835 and remain in the current breakout channel.

3. Drop down and bounce off the neckline of the inverted head and shoulder pattern which happens to exactly 1.70

4. Back on to previous trading channel and slowly drift to around 1.7 till mid December before making another run. I doubt it will go lower.


Scenario 2


Scenario 3


Scenario 4