Price has consolidated well since previous bullish
move. We've seen a retrace with the 0.764 Fibonacci retracement
level being pierced and price settling on the 0.6 which is acting as the next major support level
for this pair. With a strong bullish
break out of the descending trend line
coupled with a shift from bearish
sentiment on the volume
indicator, this presents a great buying opportunity!
Take Profit, im looking at 1.6 and 2 Fibonacci extension
levels as the main take profit areas.