2017-05-14
As this pair is heading up to 1.03307 long term, the current price action can be seen as a short term pull back in the bullish up-trend.
Waiting for RSI to go over sold and/or resumption of the Up-Trend for a Fib D-completion target at 1.02022/1,02029 -which is strong confluence of two separate Fib moves. These targets are also in confluence with structure resistance at or around 1.0200's. This is a reasonable 70 pips.
As this pair is heading up to 1.03307 long term, the current price action can be seen as a short term pull back in the bullish up-trend.
Waiting for RSI to go over sold and/or resumption of the Up-Trend for a Fib D-completion target at 1.02022/1,02029 -which is strong confluence of two separate Fib moves. These targets are also in confluence with structure resistance at or around 1.0200's. This is a reasonable 70 pips.