We can see in the daily chart as there is a short-term trend in search of highs since 2014 reached the first week of this month at 1.15410.

If that happens, the most likely scenario is that there will be a correction looking for the background bullish trend about 1.12740.


This forecast coincides with the MACD which also anticipates a rise in the short term, and a subsequent correction according to the slope of moving averages.



Therefore we place our entry order at 1,14550 with target at 1.15400; stop loss 1.14230








Good trading
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