Weekly is bullish
with price forming higher highs and higher lows. Currently price is consolidating a bullish
leg from 0.7600 on the back of Brexit. The daily 20 ema
has been respected very well as dynamic support with today's bullish engulfing
candle breaking higher and closing over the range of the last 16 days. In addition to this short term CTL resistance has been broken and closed above. Drilling down to the intraday chart, we see a nice bounce off structure support
which created a new higher high on the intraday signaling a potential resumption of this bullish
uptrend. The setup here is to go long on a retest of the breakout level as support and targeting 0.8600 and then 0.87572.