Resistance: 1.0528 minor / 1.0607 minor
Support: 1.0481 moderate / 1.0402 strong / 1.0354 moderate
Market is generally bullish with Bullish Engulfing suggesting a further push up. Given that the pattern is a medium reliability setup consider going long the immediate objective at 1.0528 possibly a run to 1.0607. Stop losses ideally should be under 1.0481 though a tighter stop under the pattern low is also viable. It is best to wait for a confirmation.
For pattern explanation and visual identification rules, click here.
Learn more about the chart patterns and how to recognize them in our Learning Center: Japanese Candlesticks - A Way To aLook At Prices