Big movement expected on BCHEUR after a breach of the resistance

BCHEUR has broken through a resistance line of a Channel Down and suggests a possible movement to 198.5158 within the next 2 days. It has tested this line in the past, so one should probably wait for a confirmation of this breakout before placing a trade. If the breakout doesn’t confirm, we could see a retracement back to lines seen in the last 5 days.