The down trend pennant had been ranges since Aug 20th was the first signal that there is stronger bulls in the market.
Then the Cup formation can be seen from December last year, are yet to complete its handle which is a stronger indication that the price would go long to at least the peak of the price at cup formation (1.64195).
Then the Cup formation can be seen from December last year, are yet to complete its handle which is a stronger indication that the price would go long to at least the peak of the price at cup formation (1.64195).
Wait for breakout and retest.