Weekly is bullish with price forming higher highs and higher lows. Currently price is consolidating a bullish leg from 0.7600 on the back of Brexit. The daily 20 ema has been respected very well as dynamic support with today's bullish engulfing candle breaking higher and closing over the range of the last 16 days. In addition to this short term CTL resistance has been broken and closed above. Drilling down to the intraday chart, we see a nice bounce off structure support which created a new higher high on the intraday signaling a potential resumption of this bullish uptrend. The setup here is to go long on a retest of the breakout level as support and targeting 0.8600 and then 0.87572.
