Quite a clear breakout seen above 1.80 today !!!! can it cross 1.85 now to head to 1.90 ???
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Entry: 1.75 to 1.765
Target: 1.80 then 1.90
Stop loss: 1.73
Reason: Has broke out above the 1.74 temp resistance today on TOP 5 volume. Bullish Reversal hammer candlestick pattern spotted over the past few days with today breakout as a further confirmation. This could lead it to trade higher to 1.80 in the coming days. MACD indicator has been trending lower since the consolidation seen in June till now and currently on the verge of a crossover with today’s price action.
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