A Very High probability, entry signal to go LONG was given at 1.0295 after the market found support at 1.0270. Only the downward break of 1.0270 would cancel the bullish scenario and take us SHORT.
Price is trading above its 50 SMA and its 200 SMA.Price is likely to rise even further.Price sitting above Fibo level 0.618% Acting as a support. We can expect price to retest 1.04186 and 1.05152.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.