The Primary trend of the currency pair has been long and a few months back we saw a secondary trend, i.e. downside. The Pair retracted the 0.50 fibonacci level and took support by forming a doji. Early as well the pair showed weakness but we were waiting for the confirmation, we have got multiple confirmation due to which we can expect the primary trend to continue from here on.

The Pair has closed above the 0.382 level if this is sustained for 1 more day we can expect the move to continue in the same direction. The Pair is trading near its EMA expecting the pair to close above the EMA in coming days.

The Pair at the support formed a Doji and on the secondCe day the pair closed higher.

Crossover is seen in MACD below 0 and is expected to move higher
The Rsi is also following the price really well.

The Pair has taken Support at the lower level of BB and moved higher, expected to trade near the Higher level

Advice : Buy if the close is above 0.382 fibonacci .

Buy

Aug 24 2021

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