After a significant bearish phase the pair has now entered a definite bullish phase making clear higher highs and higher lows. It is moving upwards in a narrow channel and right now it has broken R1 (daily resistance) and trading above it. My call is BUY at current rate with stop loss at weekly support at S1. My target is below R2 (daily resistance).
Entry: 1.57181
Stop loss: 1.56189
Target: 1.57996
Entry: 1.57181
Stop loss: 1.56189
Target: 1.57996
Comment:
Testing the trend line
Comment:
Stop loss hit