Pair’s repeated refusal to break/sustain below 130.00 handle since last week followed by a break above 131.00 handle resulting in bullish 5-DMA and 10-DMA crossover suggests the technical recovery could be extended to the weekly 5-MA level of 132.54 levels.
On the lower side, failure to hold above 130.60 levels would open doors for a revisit to 129.63 levels (last week’s low).
On the lower side, failure to hold above 130.60 levels would open doors for a revisit to 129.63 levels (last week’s low).