Bullish flag and break confirmation
TP1 0.68907 TP2 0.69073 TP3 0.69275 SL 0.68225 Technical Support from Komu Cloud in daily chart, Fib levels on 4 hr chart and Fundamental Analysis
Technical analysis based on Elliot Wave Theory
TP1 0.646383 TP2 0.64658 TP3 0.65101 SL 0.62660
The start of an uptrend is evident with support from the valid fundamental analysis that is against the US dollar. Price should head up based on the breach of the critical minor support
A break from the channel apparent from fundamental analysis wait for bearish momentum @0.68091 to initiate short
The assumption is based on the daily trend chart, MACD and VWAP.
Breaking a Bollinger downtrend and heading away from key support
Tentative must wait for retracements