SMA 13, 26 crossover indicate potential reversal from the downtrend and starting to trend up.
Recent correction provide an entry opportunity to ride the uptrend.
Immediate resistance at 1.23, next resistance at 1.30. Stop loss at 1.07.
Recent correction provide an entry opportunity to ride the uptrend.
Immediate resistance at 1.23, next resistance at 1.30. Stop loss at 1.07.
Comment:
Recent cycle low and stop loss level tested briefly and recovered. A good sign of support and strength in a weak market.