- Price action above cloud and major moving averages
- The pair has bounced off strong support at 0.6730 (nearly converged 21-EMA and 200-DMA)
- Momentum studies are bullish, RSI is at 71 with strong upside bias
- MACD is on verge of bullish crossover on signal line
- 5-DMA is immediate support at is sharply higher
Support levels - 0.6841 (5-DMA), 0.6817 (61.8% Fib), 0.6743 (200-DMA)
Resistance levels - 0.6952 (78.6% Fib), 0.6978 (June 14 high), 0.7032 (88.6% Fib)
Good to go long on dips around 0.6890, SL: 0.6830, TP: 0.6950/ 0.6980/ 0.7030
- The pair has bounced off strong support at 0.6730 (nearly converged 21-EMA and 200-DMA)
- Momentum studies are bullish, RSI is at 71 with strong upside bias
- MACD is on verge of bullish crossover on signal line
- 5-DMA is immediate support at is sharply higher
Support levels - 0.6841 (5-DMA), 0.6817 (61.8% Fib), 0.6743 (200-DMA)
Resistance levels - 0.6952 (78.6% Fib), 0.6978 (June 14 high), 0.7032 (88.6% Fib)
Good to go long on dips around 0.6890, SL: 0.6830, TP: 0.6950/ 0.6980/ 0.7030
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.