All roads seem to be pointing to buy limit orders @ 1.4990 - 1.960. Price will likely head towards 1.5300 and turn back for the trend line
and consolidate there for a bit and continue its long term rally. 1.4990 region is also a past lvl
of support + 50% retracement
, can anybody say confluence?
There is also an intraday short setup here as well. Price is approaching a 50% retracement
in the swing high @Mar-19 and swing low @Apr-07. Bears will probably ride the reversal to the trendline
for 300pips but given the overall trend bias I'll remain a bull
on this pair.
Whatever happens I'm buyin' at the trendline!