Seems as if things are getting very interesting with this pair. First of all we have broke out of the weekly descending trendline. Scaling down to the daily we can see that 1.106 support level has held as we have produced a tweezer bottom which has now closed above the 200 EMA. This sets us up for a potential long. Will re analyse how the markets open up and scaled down for an entry.
Comment:
1.106 level has acted as a good support
Comment:
Hasnt***
