BCHEUR has broken through the resistance line of a Falling Wedge technical chart pattern. Because we have seen it retrace from this position in the past, one should wait for confirmation of the breakout before trading. It has touched this line twice in the last 16 hours and suggests a target line to be around 257.4051 within the next 5 hours.
BCHEUR – breach of a trending resistance line that has been tested at least twice before.
