The daily trend is pretty bullish with DI+ above DI-. DI- is ridiculously low.
Given the multi-day rise, I'm expecting at least a bit of a pullback. I'm looking for long re-entries at 1.115 and 1.1. If it drops below 1.1, DI- will likely have crossed the 20 level to the upside again and I'd have to revise my view. A break of 1.085 would confirm a short trend.
I'm expecting a bit of a pullback but for now I'm looking for cheaper entries long and not short entries. So while my bias is long, I'm not suggesting entering a long right now is the best option...get in cheaper.
Upside targets include 1.15 and higher towards 1.20.
I don't trade based on fundamentals, so no clue what could trigger it going that far.
Those are just some levels where price historically stuck around for a bit, so if the trend continues to the upside, they might end up being good reversal or take profit points.
As long as the daily momentum is long (as in, DI+ above DI-), I'll look for long opportunities.