Last week we saw price fail to break daily support and sustain riding our Moving Averages. We are now printing HL which is indicating to me that we are about to make a move to create new highs. MA are up on H4, Daily & monthly
For me, I will be waiting for a break and retest of our weekly midrange before looking to go long with this pair.
Expecting price to reach 1.48500 by the end of the week which also aligns with fib extension target 1. and daily resistance