We see that the pair easily overcame the resistance level of 1.1720 and the new one is near the 1.1790 mark. Against the background of the weakening of the reserve currency, this pair demonstrates the upward movement and we believe that it will continue. The Stochastic is currently in the overbought zone and for now feels comfortable there.
Despite the average pressure on the MACD histogram, the overall trend points to a pair growth. Therefore, we advise you to look for points to enter long positions and consider the target levels of 1.18, 1.1840 and 1.19. But consider the possibility of correction of the pair to the levels of 1.1750 and 1.1720, which should be based on entering the market.
Despite the average pressure on the MACD histogram, the overall trend points to a pair growth. Therefore, we advise you to look for points to enter long positions and consider the target levels of 1.18, 1.1840 and 1.19. But consider the possibility of correction of the pair to the levels of 1.1750 and 1.1720, which should be based on entering the market.