The price has started to bounce nicely off our support at 111.71 (Fibonacci retracement, horizontal overlap support) and we expect a further rise from this level to at least major resistance at 113.41 (Fibonacci retracement, Fibonacci extension).
RSI (55) is seeing support above 50% and as long as it remains above that line, we remain bullish.
Buy above 111.71. Stop loss is at 110.97. Take profit is at 113.41.
