Price now broken the liquidity area 1.2270 which has been broken in the recent periods and also re-tested more times , so price now was closing above this area with bullish engulfing candle , so it is expected to reach higher lvels at 1.2400 in the case of bullish move confirmation.So follow our updates to know the entry point. Confluences: 1-Price is moving above EMA 200. 2-Primary structure is upward HH , HL. 3-Price has broken liquidity area.
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Price is still respecting the liquidity area and Fib 50% , so it is expected to resuming the bullish move.
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waiting for bullish candle to confirm the entry point