XBRUSD: Triple Bottom

XBRUSD, H4

On the H4, XBRUSD formed a triple bottom pattern in a sideways movement. The price fell to the critical support area, testing the lower Bollinger line, which makes two options possible:

• If Brent falls below the 75.40 support, the target will be last year's low of 73.30;

• A rebound from support will bring XBRUSD back to resistance at 77.50 and then 79.50;