The pair bounced off the 50% Fibonacci retracement of 1.2481 to 1.3737 last week and still hold the support. Higher lows has been formed since then. I have made some trade with entries at the support trendline. Buy signal appears today based on the 30 EMA system on hourly chart. However, TP level will be higher this time. Instead of fixed target of 65 pips, I want to try 1.34 and hopefully will be done this week. Below is the screen shot.
H1 Chart
H4 Chart
On daily chart, the 30 EMA which is near the 50% Fibo level seems to provide strong support. In other words, it is a buy signal also! :P I think EU may test the previous high or that resistance trendline at 1.3737, but 1.3400 is fine for me :)
D1 Chart
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