The price continues to rise nicely from our buying area, having made a bullish exit of its descending resistance-turned-support line. We remain bullish looking to buy on dips above 0.7628 major support (Fibonacci extension, horizontal swing low support, Long term Fibonacci retracement, bullish divergence) for a push up to at least 0.7730 resistance (Fibonacci retracement, horizontal overlap resistance).
Stochastic (55,3,1) is rising nicely with good upside potential. Bullish divergence vs the price also signals that a reversal is in progress.
Buy above 0.7628. Stop loss is at 0.7556. Take profit is at 0.7730.
