09039962993
Technical Indicator:
Intra-day bias remains bullish. List of indicators applied on the 1 hour time-frame used for analysis includes:
Moving Averages 21 and 55 = Buy
Parabolic S.A.R = Buy
A.D.X= Buy
R.S.I = Buy
MACD = Buy
SSRC(customized stochastic) = Buy
Daily Central Pivot Point Bias = Bullish
Candlestick formed from previous day = Bullish
Technical Analysis:
The pair is overbought in the market and i suggest buying the dips. Wait for a decent retracement of price to 1.2615/1.2600 demand zones before buying back to 1.2704. A decisive break of 1.2704 resistance would resume the bullish trend and more rise to 1.2756 weekly resistance 2 is expected.
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