Strong bullish presence was expected to be found off support zone around 1.5830 which pushed the pair to the upside reaching up to 50% Fibonacci level around 1.5275 then 1.5400 corresponding to 61.8% Fibonacci level.
Bearish rejection expressed off 1.5400 followed by confirmation of the double-bottom pattern with projection target at 1.5100 which was hardly reached around 1.5105.
Now there are two established bottoms around 1.4825 and 1.5050 . Moreover, there is an established top around 1.5130 also corresponding to 50% Fibonacci of the latest bullish move.
A BUY entry was suggested at retesting of Price Zone 1.5130-1.5075 with SL located below 1.5040, this was triggered Yesterday and running in profits now, we need to see obvious 4H closure above 1.5270 to remain bullish in the short term.
