On the 4-hours chart, we witnessed a double bottom formation completed by breaching 99.70 level, this pattern has the ability to push the price to head north targeting the recently recorded top at 116.94, followed by breaching this level to open the way for more gain.
EMA50 supports the bullish wave, while breaking below 97.60 will stop it.
EMA50 supports the bullish wave, while breaking below 97.60 will stop it.
