Good morning traders, we have an interesting scenario with this currency pair as it is currently on the main support level
( daily chart
) but we do have our own support and resistance
inside it. Price has made a move towards the current minor resistance, with some hold to and forming a triangle of nearly equal highs.
3 reasons to enter:
1. The price is currently above the 200 MA
2. The price has been closing in on the current smaller resistance for some time.
3. A breakthrough is about to happen as price as been in the ACCUMULATION Level for some time