EU closed a fraction below its 200day MA at 1.1092, although moving above as we speak. The rally on the 13th was capped by the falling trend line (if you ignore the brexit noise). Macd rolling over from a good low level, if we can take out the trend line and day high from 13th favours move to 1.1160-11.85 area.
the 5 & 8 MA offer good support below at 1.1070 and then 110.50.
the 5 & 8 MA offer good support below at 1.1070 and then 110.50.
Comment:
target hit to 1.1160 perfectly this morning, ideally looking for a close today above this level to push on to 1.12+.
Comment:
Although my target was reached at 1.1160, odds still favour moving higher with 1.1185 and then 1.1220 real targets now. technicals appear to be confirming a move higher. If we can close above yesterdays high, may favour a long position again for the next leg up.
