The pair is trading within a long term 1M Channel Up ( RSI
= 53.878, MACD
= 0.135, ADX
= 43.274, Highs/Lows = 0.0000) since Q4 of 2017. At the moment the price seems to have found Support around the 1D MA200 (orange line) and withi the 1D MACD
making a bullish
cross over, is expected to rise.
According to a similar fractal
in January 2018, the High of that spike could be around the 0.618 Fibonacci retracement
level. We place our Target at 10.0700.
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