Weekly Fib: 61.80
Daily Bullish engulfing candle
Daily Support 1.2800 rejection
It looks like a nice TL bounce But I will only enter if this pair brakes and retests the 1.29 RES
Its currently in a range but Its showing signs of retracement. There also a double bottom in the triangle If it closes above the 1.3184 monthly resistance I will buy.
The buyers are finding it hard to brake the resistance 1.3184. If the sellers brake through 1.2777 than I will sell