The pennant chart pattern at the resistance level tells us about possible breakout with further upward movement. If the price breaks the resistance line of the pennant, this pattern will be realized as a continuation one.
Pending orders for buy will be better to place above the resistance at 12.60 level. Stop orders must be placed below the support at 10.80 level. Profit targets are 16.00 and 22.00 levels. DMI confirms strong upward movement.
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