There are few reason that its should be long. 1.Daily price action on Thursday and Friday, show Bullish pin bar. (Indicate that the seller getting bored and buyer on into the market) 2.The price on support (1263.00) that had been created on OCT & NOV 2017, broken on DEC 2017 for a few days but then, price broke again this level. 3.The price is making...
On daily chart, the price try to make Double Bottom. Also key support level at 1.1500 which is previous lower NOV 2017. On weekly also, the market try to make right shoulder ( currently at nekline weekly head & shoulder). Reason to go LONG: 1.Weekly neckline to form left shoulder. 2.Daily double bottom. Target price up to 1.2000 (Right shoulder)