Opportunity to buy on dip with take profit target at the recent swing high of 1.65, 1.77.
However, be cautioned of the formation of inverted hammer on Daily timeframe. Those who like to enter the market with confirmation, can buy upon breakout above 1.65 with take profit target at 1.77. Cutloss if fall below 1.54.
Currently trading at RBS level. Formation of Bullish Engulfing at this level might indicate further surge in price. Best entry at 0.87 and below with take profit target at previous swing high of 0.92. Cutloss if fall below 0.845.