Since price was supported at 1.0780 and then went up to current level 1.09, price action has proven one thing, which is the retracement has began.
Resistance of current short-term downtrend as pointed in the chart is near 1.098-1.1, which is 50% Fibo retracing.
price is presently hovering around 1.090 level, once it breaks though, 1.095 and 1.1 would be on radar of some buyers taking some profit and sellers to put their short positions.
Currently,
My suggestion is,
Buy when any retracement happens, target -->1.1, stop loss --> under 1.086
Resistance of current short-term downtrend as pointed in the chart is near 1.098-1.1, which is 50% Fibo retracing.
price is presently hovering around 1.090 level, once it breaks though, 1.095 and 1.1 would be on radar of some buyers taking some profit and sellers to put their short positions.
Currently,
My suggestion is,
Buy when any retracement happens, target -->1.1, stop loss --> under 1.086