- Breaks above 110-EMA at 83.12 and major resistance at 83.35
- Holds above 5-DMA support at 83.11, price action edges above daily cloud
- Momentum , strong above 60, bias higher, are widening
- +ve DMI dominance, rising in support of uptrend
Support levels - 83.13 (converged 5-DMA and 110-EMA), 82.50 (100-DMA), 82
Resistance levels - 83.78 (38.2% Fib), 84, 84.60 (200-DMA), 84.79 (50% Fib)
Good to go long around 83.50, SL: 83, TP: 83.80/ 84/ 84.50
As clearly visible on the chart this pair has been ranging for the last couple of months and i have every intention of trading it as a range instead of a breakout. Wish u all the best, no harm meant with my comment!:) cheers!