This has broken resistance and hit TP on my trade from previous post on this pair. Now I want to see this retrace back to this resistance level and see this act as the new support, then a long can be taken if we see this rebound higher from here. Anywhere between 0.382 and 0.618 Fibonacci shown on the chart is a good buy in level.
Target is the previous high of 1.23496 although there is a big resistance level above this so it can climb higher and is likely to rebound from this resistance. It is a very significant resistance level so price may hover and retrace up and down around there for some time.
Target is the previous high of 1.23496 although there is a big resistance level above this so it can climb higher and is likely to rebound from this resistance. It is a very significant resistance level so price may hover and retrace up and down around there for some time.