Some good things happening here:
1. Downtrend breaks long-term support.
2. Strong bullish candles come back up through support area.
3. Come back down to retest old support area and bounce.
This pair was also using the 34-EMA "Low" (Red) as dynamic
resistance during the downtrend, now the 34-EMA "High" is providing
support.
The current price is hovering around the .618 fib line....
Lets watch for a continuation past this area and it a BUY.
1. Downtrend breaks long-term support.
2. Strong bullish candles come back up through support area.
3. Come back down to retest old support area and bounce.
This pair was also using the 34-EMA "Low" (Red) as dynamic
resistance during the downtrend, now the 34-EMA "High" is providing
support.
The current price is hovering around the .618 fib line....
Lets watch for a continuation past this area and it a BUY.
