Bulls are actively breaking the upper Bollinger band at 0.7200. It looks like we’ll face a very strong distribution of the price to the upside that is indicated by trending dynamics of ADX indicator. The next targets are 0.7300, 0.7400.
On local chart bullish pressure from ADX is in place as well. The price resides at new highs already, therefore there are virtually no doubts in further intensive growth of the quotes.
Strong growth to 0.7300 and 0.7400. Prior testing of 0.7161-0.7175 may take place.
Longs to 0.7300 and 0.7400. Optimal entry zone is 0.7161-0.7175.