Massive consolidation phase has been going on here since late 2014
The peak in June 2018 was a failed attempt to break up through the lows of 2016
The break occurred in July this year with a huge upside weekly reversal.It is now back testing that break.
The technical excesses of the break have been worked off and it is now poised for the next leg higher by the look of it.
It would be good to see the recent lows hold.
A move above the 2015 high of 1.095 would be a seriously good sign.
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