On the chart, we observe that the price is trying to go beyond the lower limit of the ascending channel. Also it has dropped below the MA (120), which may soon signal a trend reversal.
At the moment, technical indicators point to a purchase and we believe that the price will return above the MA and continue the upward movement in the channel.
Therefore, we advise you to take long positions in a pair with small stop-loss at 40 pp and set a take profit at the level of 1.3015 and 1.31.
At the moment, technical indicators point to a purchase and we believe that the price will return above the MA and continue the upward movement in the channel.
Therefore, we advise you to take long positions in a pair with small stop-loss at 40 pp and set a take profit at the level of 1.3015 and 1.31.