Monthly perspective shows us a close above 1.4000. Although we have a long spike to the upside, on the lower TF this is a pullback. EMAs have also caught up to the price.
Last week we saw a with the week prior breaking above 1.4000 and closing firmly. As mentioned above, this represents a pullback and EMAs are upward facing holding as support.
We have higher highs and higher lows forming. Should today close firmly above our 8 , we could potentially see price continue higher. EMAs are also upward facing.
Price has moved into our fib region and rejected 3 times. Yesterday we touched our TL for the 3rd time and we have also broken our CTL and had an crossover to the upside in alignment with the bigger picture.