The pair appears to have broken to the upside from the current corrective structure presenting us an opportunity to go long when the price retreats before the next move up begins, right now any dips look opportunities to go long, if this is the start of a new lag up or part of the larger corrective remains to be seen but we can target the July high's around 111.50 to take profit on any longs. The weekly is giving a lot of weight too for longs.
Comment:
was expecting a smaller correction before continuing up but it's heading straight up and looks like it'll clear the 11.60 target area before any pullbacks which should happen today as it looks.
