The bullish 50-DMA and 200-DMA crossover (golden cross) followed by a daily close above 1.30 for the first time since September 2016 suggests the spot is likely to to extend the gains 1.3080-1.31 levels.
The daily RSI isn't necessarily overbought here, which suggests enough room for a another 100-pip rally.
The daily RSI isn't necessarily overbought here, which suggests enough room for a another 100-pip rally.