We now emphasize "0.7259" (7DMA areas) as a strong support on the upswings as shown on the daily graph.
The intermediate trend is confirmed as 7DMA has crossed over 21DMA that signals buy, as a result we’ve seen sentiments in this pair.
While both daily and monthly are also converging to these upswings considering medium term perspectives. Same is the case on the curves, %K crossover ensures momentum in buying sentiments.
is also substantiating this strength in trend on both daily and monthly charts.
Hence, contemplating this consolidation pattern, we think this pair is likely to drag the rallies up to 0.7428 levels in the medium run.
Well, for now, the advice for long-term investors is to go long in near month for the above targets.
But for the intraday speculative purpose, one can think one touch binary calls for a target of 30-40 pips.