:: Daily ::
The pais is in an obvious uptrend extending from 10 January
Yesterday's daily candle closed at 1.4488 which is a considerable resistance level .
Daily closure above 1.4560 allows the pair to go u to the next resistance level 1.4730
The pair is still having the momentum of upside movement reaching the area of resistance 1.4520-1.4560
After it closed above 50% Fibonatcci , it found rejection of 1.4520 with shooting star candlestick .
Conclusion :
The pair is still in upside direction as long as it's consolidating above 1.4340 on the short term
Shooting star candlestick indicates retracement of the pair
Area 1.4444-1.4400 is a good area to go long at with targets at 1.4560 then 1.4650
SL should be 4H candlestick closure below 1.4340