The pair has been range bound today between $1.5 to $1.9 today.Support lines forming every hour,there is a new support line now at $1.5 just above the previous support line at $1.43 and $1.32.The pair is on the rise from $0.89 around december 26 to high of $2.11 in one week.Downward correction ongoing at the moment, however upward trend expected to resume after correction at $1.43 the support line,just below the EMA 200.
It is good to buy the dip now at $1.43 or $1.44,set stop loss at $1.2 and take profit at $1.9 if u want to go short or hodl and take profit once it breaks the resistance at the current high of the year at $2.11 as it might get to $2.24 for form a new resistance there before another pullback.
It is good to buy the dip now at $1.43 or $1.44,set stop loss at $1.2 and take profit at $1.9 if u want to go short or hodl and take profit once it breaks the resistance at the current high of the year at $2.11 as it might get to $2.24 for form a new resistance there before another pullback.