Price broke out of consolidation wedge last night & bulls came back into the market. Now price is testing broken resistance turning support. A potential but not likely pullback to broken trend line / 38.2 fibonacci level is possible, but if 1.6400 level holds we should see a new trend of higher highs & lows take place.
Trade with care!!
Trade with care!!
Comment:
Moving averages now sloping up, 50 SMA crossing over the 200 MA
