Emerging Channel Down pattern in its final wave was identified on the LTCEUR 30 Minutes chart. After a strong bullish run, we find LTCEUR heading towards the upper triangle line with a possible resistance at 112.4650. If the resistance shows to hold, the Channel Down pattern suggests a rebound back towards current levels.
LTCEUR is approaching a resistance line of a Channel Down. It has touched this line numerous times in the last 7 days.
