The pair is trading above the 200 and the 100 daily moving average, suggesting further momentum to the upside.
2.00 key round nuumber
Prices had to test the significant 2.00 key round number several times before it could break out and finally form a clear uptrend with little choppy retracements as seen in the chart. Clearing the 2. 0000 round number takes us to clear other round levels.
On the Short term I am targeting the 2.100 round level.
On the long term
This pair may reach 2.50 by year end.
STOP LOSS @ 2.06456
TAKE PROFIT, I don't set take profits I just leave prices to move and I trail my stop loss accordingly, using Fib retracements.