theforexportal is LONG this morning from 1.0440.
On the daily we can see that the support area shown is potentially holding again and the rising trend line may support this pair as it advances.
This is quite an exciting looking trade as this pair trade in the lower fib zone (under 23.6 fib) and therefore has a long way to go north (potentially).
Considerable headwinds ahead but a LONG here with a STOP under S61 pivot at 1.0400 could be a nice move.
On the daily we can see that the support area shown is potentially holding again and the rising trend line may support this pair as it advances.
This is quite an exciting looking trade as this pair trade in the lower fib zone (under 23.6 fib) and therefore has a long way to go north (potentially).
Considerable headwinds ahead but a LONG here with a STOP under S61 pivot at 1.0400 could be a nice move.