Bullish move up should continue here with the 50 MA moving up through the 200 MA on the 15 minute chart. Target for exit would be 2.20 to 2.40 area yet again. After that I am not convinced yet that the run will continue higher as some of the longer time frame charts still have the 200 MA in a downward trend so I will exit here and wait to see what the retrace looks like.
Comment:
The current wave structure is indicative of a move higher than previously posted. My target has been adjusted to the 3-3.20 range.
