The price has shot up and reached our profit target perfectly as expected. We now remain bullish above the 1.2510 support (Fibonacci retracement, horizontal pullback support) for a further push up to the 1.2651 resistance (major Fibonacci extension).
The RSI (34) has made a nice bullish exit signalling that a further rise in the price is expected.
Buy above 1.2510. Stop loss at 1.2421. Take profit at 1.2651.
