We managed to break 1.6983 and now we are on the way towards 1.7350. We will encounter channel resistance @ 1.7090, and likely we may range trade for awhile. However, I would prefer to play from long side.
Strategy BUY @ 1.7020-1.7040 and take profit first @ 1.7147 (since a breach of the channel will be short lived). Stop-loss below 1.6957.
Strategy BUY @ 1.7020-1.7040 and take profit first @ 1.7147 (since a breach of the channel will be short lived). Stop-loss below 1.6957.
