At the time of this post the pair was at 131.95.A careful observations of the chart shows that the price is on the trendline.A break and close of the price above the trendline may take the price to 132.50 level but below the trendline,a downward movement will resumethat may touch and break the day's low @131.26 region .I recommend a downward movement because the stochastic are in the overbought region.a stop above the high of today is okay
At the time of this post the pair was at 131.95.A careful observations of the chart shows that the price is on the trendline.A break and close of the price above the trendline may take the price to 132.50 level but below the trendline,a downward movement will resumethat may touch and break the day's low @131.26 region .I recommend a downward movement because the stochastic are in the overbought region.a stop above the high of today is okay