This has emerged from the 1 month of consolidation printing fine bullish engulfing candle followed by strong candles which now broke the diagonal resistance and closed above it.Another reaction zone will be 0.79290 and break above that will sky rocket it up to 0.79944 area.Potential easy 150 Pips folks..
looking forward of the price to break and close below 1.676 area.Any significant rejection and reaction to the mA 50 will invalid this short setup.Another set up after the Moving Average clearance will lead to potential 400 pips to the 1.632 area
