Hello Naked Traders.
This pair retraced lower between Friday, Tuesday and today after a nice bullish rally in the key area at 129.50. Now, through the dynamics of well-defined and clear price action on the daily chart, I notice a clear bullish signal that can be used as a trading signal. Obviously the break up of today’s high can bring an acceleration until at least 129.50 key area. If this were to be broken the next target area is 131.40.
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