The price has advanced higher after a breakout from the ascendent triangle and is holding above both its MAs after a test and rejection at the 1.6126 resistance.
This is corelated with the Daily and H4 EU Triple Top so we expect down swings for both.
A downside correction is also pending for the 1.5986-1.6126 ascendent wave.
Our trade setup is to sell at the current level with a stop loss above the recently tested resistance at 1.6151 and a target at 1.6030 with a second target at 1.5955.
SELL at 1.6111
SL at 1.6151
TP1 at 1.6030
TP2 at 1.5955
Goldenschild Asset Management