Technical Outlook and Chart Setups:
The single currency pair has finally produced a meaningful price action after days of stagnation around the 1.5050-1.5100 area. It is worth noting that the Fibonacci time zone 89 is near, and Morning Star has been produced. We need to respect the chart story here, since this may be the turn around we have been waiting for; we need to see 1.5200 level being taken off to install further confidence now. The first price resistance is offered at 1.5300 level while 1.5 is certainly a low now, and a potential future support. It is humbly recommended to remain long at the moment and watch out for a break above 1.52-1.53 levels in the coming sessions.
Trading Recommendations:
Stay long with stop at 1.49, target open.
Good Luck!
