The pair opened with a gap-up after surging past 0.7800 handle on Friday and is holding above 5&10 DMAs. Techs indicate further upside.
Stochs show a rollover from oversold territory, has bounced off from near 30 levels and is at 47 with further room to run. line is on the verge of a crossover on signal line.
Downside sees strong support at 0.7800 mark, which has now been decisively conquered and would be difficult to break through.
Immediate resistance is found at 0.7875 levels, breaks above opens room for a test of 0.7920-25 resistance.
Good to go long on dips around 0.7830/35, SL: 0.7790, TP: 0.7875/0.79/0.7925
TP 1&2 achieved. Book partial profits.