Broken out of the formation to the upside.
A reverse has formed.
200-hour is at 1.8000.
The is trending higher.
A move through 1.8150 will confirm the momentum.
Dip buying offers good risk/reward.
We look for gains to be extended today.
Further upside is expected although we prefer to set longs at our bespoke support levels at 1.8000, resulting in improved risk/reward.
Our profit targets will be 1.8118 and 1.8169
Resistance: 1.8080 / 1.8100 / 1.812
Support: 1.8050 / 1.8037 / 1.8000