The pair has break to the upside early this morning, and seems ready to continue, as long as the pair opens next 4hours candle above the 1.8400 zone. Having a first resistance around today’s maximum at 1.8460/70 zone, next resistance will be around 1.8514 zone, above wich the bullish rally could gain momentum and trigger more interesting rallies first, to 1.8550 zone and finally to 1.8604. Supports, under the mentioned 1.8390/1.8400 zone will be at 1.8311, 1.8276 and finally the zone around 1.8228.
A side note: 4 hours charts are forming king on unusual figure, a rounded floor: a confirmation above 1.8514 zone, seems the figure will be completed, and as it is a continuation figure, the target in the longer term will be around 1.9400.
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