A price action above 8.50 supports a bullish trend direction.
Further bullish confirmation for a break above 9.00.
The target price is set at 9.50 (just above its 61.8% Fibonacci retracement level.
The stop-loss price is set at 8.00 (close to the level of the long-term resistance, now acting as support.
Close testing its 200-day simple moving average.
Further bullish confirmation for a break above 9.00.
The target price is set at 9.50 (just above its 61.8% Fibonacci retracement level.
The stop-loss price is set at 8.00 (close to the level of the long-term resistance, now acting as support.
Close testing its 200-day simple moving average.