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This currency pair looks like is gone to rise even higher, current level is 1.1436x, as much as 1.1669, which represents the 127.2 Fibonacci retracement measured on the upside move of 1.07166 - 1.14653, for two reasons, as follows:
1. The price is situated in the upside bias, by positioning itself over the 1.1209 pivot level (red horizontal line).
2. The price confirmed it's presence in the upside bias, by closing over the confirmation range of 1.1209 - 1.1404 (magenta rectangle)
Money managemen…
1. The price is situated in the upside bias, by positioning itself over the 1.1209 pivot level (red horizontal line).
2. The price confirmed it's presence in the upside bias, by closing over the confirmation range of 1.1209 - 1.1404 (magenta rectangle)
Money managemen…