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Remember the Fibo fan? Let’s follow the chart: yesterday’s rally send the pair quickly under the 50% pushing indicators to the downside: see the perfect “V” shape CCI marked in 4 hours charts, and the come back to the upside after regaining the -200 level. Also momentum is pointing up, and the candle opened above the 20 SMA (red in charts), while price is regainning the 50% level. In one line, the pair is bullish at the moment, with 1.2120 as a first resistance for today. Above it, we have the zone @ 1.2156, followed by 1.2210/20, and above it, 1.2293, maximum of these last days. Regarding supports, 1.2070 will be the first to consider, followed by 1.2023, 1.1990, considering 1.1954 as a more strong support, and finally the zone @ 1.1910.
