To strengthen the bullish case further, the pair would need to break above resistance near 0.8146—the highs from both yesterday and Friday. Beyond that, the next key upside targets include the early June high at 0.8155 and the falling 200-hour moving average at 0.81734. A move above these levels would significantly increase bullish momentum and confirm a more sustained shift in favor of buyers.
The range is still narrow. There is room to roam. The buyers are making a play. Can they keep the momentum going?
This article was written by Greg Michalowski at www.forexlive.com. Read More Details
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