The pair is consolidating within narrow range between $465 and $436. It is currently trading around $446.
Short term trend is still bullish as long as support $425 holds.
Any break above major resistance confirms minor trend reversal a jump till $480/$502 is possible. Intraday trend reversal can be seen only below $425.
On the lower side below $425 will drag the pair to next level $400/380.Overall trend reversal only below $380.
It is good to buy above $465 with SL around $445 for the TP of $480/$505
Comments
blackswan
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actually if you have money to spend then anytime before it crosses 500 is a good time to buy. once this takes off, anything below 500 is going to look like best buy of the year.