For today, all the three moving averages still in "Golden Cross" pattern (Bullish) but this currency has got stuck at the 130.00 level. It seems like this level is already a strong resistance for this pair. As long as the EMA 100 (green) does not breach this currency, the uptrend situation is still likely to continue.
RECOMMENDATION:
BUY Stop (Pending Order) @ 130.26.
Take Profit @ 130.40.
Stop Loss @ 130.16.
Alternatively :
SELL Stop (Pending Order) @ 129.49.
Take Profit @ 129.35.
Stop Loss @ 129.59.
Best regards,
Official Analyst of InstaForex Companies Group
InstaForex Companies Group
https://instaforex.com
Email : Arief.jakarta@indo.instaforex.com
Yahoo Messenger & Skype : Arief.ifx_jakarta
blog.mt5.com/arief
https://www.mt5.com/forex_analysis_award/profile/index/arief
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