After updating the lows, we see that the pair found support at the mark of 1.2890 and headed up from there. The pair demonstrates strong growth and does not linger at the previously formed resistance levels.
Our technical indicators are pointing upwards and there is an opportunity to enter long positions. Despite recent events and statements by representatives of the US and China about the trade wars, the reserve currency has the potential to strengthen. Therefore we believe that the current movement can be continued.
We advise you to look for points to enter long positions and consider your targets at the levels of 1.30 and 1.3030.
