If we are capable of sustaining the upward momentum till the end of today, it is likely that we are having a "break out" from the recent swing (3.45-2.7) making the new upward momentum of a larger degree rising from the primary support at 2.6-7. The rough target is 4.45 if 3.45 is broken for this new upward swing unless the breakup is failed and returned to the pivot low, testing 2.6 again
Momentum indicator in support of the break out -RSI - showing an attempt to break up from the consolidation and initiate the new upward swing, yet there is an RSI resistance await- this might be touched and tested around 3.45 USD -STOCHASTIC - nicely crossing up from the oversold, indicating that the recent downswing is end