On daily chart, this pair is on the uptrend as it traded above the uptrend line that was created since 2/4/2015. On the recent movement, we see this pair might have a minor retracement before it continue upwards & testing resistance 1 level. This action seems supported by the death crossed in the MACD with MACD histogram now is under 0 level. Futhermore, Parabolic SAR also already appear in the upper price action indicates there might be a pullback. To confirm it , second parabolic SAR is needed.
Support level: 1.06466
Resistance 1: 1.10748
Resistance 2: 1.12934
Action:
1.Short in lower TF until it rebound and make a long position.
2.Long after retracement is done.
Support level: 1.06466
Resistance 1: 1.10748
Resistance 2: 1.12934
Action:
1.Short in lower TF until it rebound and make a long position.
2.Long after retracement is done.