Now I keep my charting very simple. Having said that, it looks to me as though we have some resistence at .077/78 particularly if you look back over say 3 months. There is also a recent ascending channel where we are at the bottom on .075/6 and again .077/78 is the upper reach.
To my mind the channel is more likely to break through this barrier and then we are looking at a break into at least the high 8s.
Supporting this is the wealth of stuff that matters, the fundamentals.
AIMHO, esp.
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