Technical Outlook and Chart Setups:
The overall structure remains similar since last 2-3 trading sessions after a Morning Star was produced at a convergence level. 1.52 level, as expected, is providing resistance at the moment, furthermore, it is being reinforced at the backside of the short term trend line as shown above. A clear break higher up shall instill further confidence in the bullish structure. Daily charts are suggesting that this rally would have just begun. Stay long for now, we shall revise stop loss soon.
Trading Recommendations:
Stay long for now, stop at 1.49
Good Luck!
