contraction always leads to expansion! Price is in a wedge formation now, on the 4H chart - and i expect a large spike very soon - its difficult to say in which direction the spike will occur, but given the fact that price has respected the 1.60$ level , and combined with the good news, i think it will be to the upside
You don’t know the direction of the spike? But exactly this the essence. To guess the direction of the spike! :)
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