Price Action Context
After a series of higher lows and two strong impulsive attacks on the resistance, bulls have now been able to push price through the mid-term key resistance that has rejected price since mid-June.
Trending Analysis
Short-term bias changed to bullish and weak pullbacks into the broken resistance which now should act as support can offer potential bullish trading opportunities. A strong return and break back below 1.65 on the other hand would put 1.6170 back into focus.
Closest Support & Resistance Zones
Resistance: 1.7090 – 1.7350
Support: 1.6500 – 1.6600
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