Day's Range: 1,060.0 - 1,178.6
The pair has been range bound for days now between $1038 and $1250 for close to two days now, confirm break of resistance around $1200 can take the pair to high of $1346 or $1483 and confirm break of the $1000 support can take the pair to as low as $850.
The current market price is way above the moving averages and a little above the pivot points for the day at $1100, the EMA150 still above the EMA 200 suggesting thin chance of downward reversal,however i will recommend a buy on dip around the support line of $1026 and a take proft of $1250 or $1300.
The pair has been range bound for days now between $1038 and $1250 for close to two days now, confirm break of resistance around $1200 can take the pair to high of $1346 or $1483 and confirm break of the $1000 support can take the pair to as low as $850.
The current market price is way above the moving averages and a little above the pivot points for the day at $1100, the EMA150 still above the EMA 200 suggesting thin chance of downward reversal,however i will recommend a buy on dip around the support line of $1026 and a take proft of $1250 or $1300.