Daily Stochs have shown a crossover in oversold territory, while has turned higher after dipping below 40 levels.
indicator shows momentum is fading, a crossover of the line over signal line should be further confirmation.
Rising support at 1.0570 levels is strong support on the downside, while on the upside immediate resistance is located at 1.0662 (Feb 11th High).
The pair has broken above 5-DMA at 1.0634 which was capping upside, we could now see gains upto 1.07 and further upside could see 1.08 levels.
Good to go long on dips around 1.0640, SL: 1.0560, TP: 1.0710//1.0745/1.08