LONG POSITION: Weekly has now formed a bullish engulfing pattern at 61.8 level as well as bouncing of the Weekly Support level of 1.31200 and officially closing above the Weekly Resistance level of 1.32600
I am now expecting an upwards trend continuation to the Monthly Resistance level of 1.36500
Swing traders that use the daily and 4 Hour time frames I suggest waiting for a retracement on your preferred time frame and keeping in mind how the WEEKLY TIME FRAME looks like and how the candle has closed. :)