The breach above 200 day moving average opens room for more upside.
The support from the August lows should offer robust downside protection while the recent break above the 200d moving average (31.99), the sustenance above would signal more scope for further upside potential.
While the leading indicators with their constant upward convergence to the upswings in price are the confirmation to the strength in the uptrend.
is also substantiating this stance with its crossover above zero level.
Most importantly, this price behavior has consistently been taking support at rising that is attempting hover above DMAs. For now, bulls are testing a stiff resistance at 32.101 level, we believe any decisive breach above would intensify the momentum.
Hence, we advocate staying long in this pair for next target of 32.405 for sure upon breach of above-stated resistance.