The asset is approaching a former support level, which now acts as resistance. If it breaks above, I expect a move toward previous highs.
The trading session started with strong momentum, fueled by dovish commentary suggesting potential interest rate cuts.
The uptrend remains intact — bears failed to break below the 50-day moving average, and the bulls have regained control. As long as this holds, I’ll continue playing the long side.
📝Trading Plan:
Long from the 1.13 level, targeting 1.1490, with a stop placed below today’s candle low.
I’m watching for increased activity in this currency pair and will act according to my trading plan.
The trading session started with strong momentum, fueled by dovish commentary suggesting potential interest rate cuts.
The uptrend remains intact — bears failed to break below the 50-day moving average, and the bulls have regained control. As long as this holds, I’ll continue playing the long side.
📝Trading Plan:
Long from the 1.13 level, targeting 1.1490, with a stop placed below today’s candle low.
I’m watching for increased activity in this currency pair and will act according to my trading plan.
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