After the break above key resistance around 0.6800 the price accelerated to the upside. Next key resistance level to watch is the 0.7400 – 0.7550.
The price is within its 3rd bullish wave of the weekly bullish run. The first target of that bullish wave is 1.272 FIB around 0.7800, however before that we need to see break and close above 0.7400.
Key support zone to watch for retest and rejection is between 0.6950 – 0.7000, if the price pullback that far and reject this support we should see resumption of the bullish trend.
Monthly chart:
Weekly chart:
