Technical Analysis: Bias Bullish
- Pair has bounced off strong trendline support at 1.5315
- Retakes 200-DMA at 1.5485
- RSI and Stochs have rolled over from oversold levels
- MACD is on verge of bullish crossover on signal line
Support levels - 1.5485 (200-DMA), 1.5426 (5-DMA), 1.54, 1.5335 (Trendline)
Resistance levels - 1.5598 (4H 110-EMA), 1.5676 (110-EMA), 1.57
Good to go long on close above 200-DMA, SL: 1.5425, TP: 1.56/ 1.5675/ 1.57
- Pair has bounced off strong trendline support at 1.5315
- Retakes 200-DMA at 1.5485
- RSI and Stochs have rolled over from oversold levels
- MACD is on verge of bullish crossover on signal line
Support levels - 1.5485 (200-DMA), 1.5426 (5-DMA), 1.54, 1.5335 (Trendline)
Resistance levels - 1.5598 (4H 110-EMA), 1.5676 (110-EMA), 1.57
Good to go long on close above 200-DMA, SL: 1.5425, TP: 1.56/ 1.5675/ 1.57