The currency pair is trading in the range of the round important level 1.1100. The 365 and 135 moving averages are directed upwards and the price is not far from the fast moving average (135). A Bullish divergence has formed on Awesome Oscillator indicator. Breaking through the round secondary level 1.1120 will result in the formation of an upward structure within the overall uptrend.
Trading recommendations:
Buy above round secondary level 1.1120.
Stop loss under round secondary level - 1.1080 – 1.1073.
Target levels – 1.1172; 1.1219.