Following on from my last analysis on this currency pair which you can see at the bottom of this post, we have crossed the middle line and we are currently getting a nice buy setup so chances are the expansion will continue to the upside and the first structure level that we are going to encounter is the resistance level at the top of the box (1.2483). Overcoming that resistance level will clear the path for retest of a previous structure which also coincides with the 127.0 Fibonacci extension of our current impulse leg (1.2742).
Don't forget to check out my last post on this currency pair below.
Any opposing comments, views, arguments or feedbacks are welcomed.
Don't forget to check out my last post on this currency pair below.
Any opposing comments, views, arguments or feedbacks are welcomed.
