This pair has been rallying for the past week or so, forming a bullish trend line
. While the pair has corrected itself on 23 Dec
, it is supported by the 38.2 Fibonacci retracement
level along, and is now cruising along the trendline
. With the 20SMA just about to cross the 50SMA on the H4 charts, I would give say that it is a good time to long this currency pair when the market resumes operations.