After the 1.2420 area acted as suppport and swing low at the month start we had a nice bullish move all the way to the 1.26 area which acted as resistance once again. After the 0.618 Fibonacci level of 1.2480 has been tested price never fell back under this area and the bullish trend line which has been tested already 3 times has really came close to price which maybe tested one last time before the bullish momentum starts again. If price breaches the 1.26 area I expect it to continue to the Fibonacci -0.618 level at least which is the 1.2670 area where possibly price can bump in to resistance again.
Trade closed manually
