Strong month starting the year of 2018 - January looks good to breach and close above 1.2400 forming multi year highs.
Last week we saw a strong close above 1.2400. This week, price may mange to stay above this level and sustain 1.2400 as key support. EMAs upward facing.
After a pullback and reaction against 1.2400, price has been supported nicely by our 8 - today looks like it could close strong and complete the formation of . EMAs upward facing.
A nice pullback into our preferred fib region and a formation indicating reversal. Price has crossed back over 1.2400 and is also confluent with an crossover to the upside and a CTL break.