The RSI is above 70. It could mean either that the pair is in a lasting uptrend or just overbought and therefore bound to correct (look for bearish divergence in this case). The MACD is positive and above its signal line. The configuration is positive. Moreover, the pair is above its 20 and 50 day moving average’s [Respectively at 1.09320 and 1.09110]
Type: Intraday analysis
Recommendation: Buy/Buy limit @ 1.09350 Target: 50 pips
