The pair is hovering around major resistance at 0.7635, breakout to see further upside.
Technical studies support upside in the pair, price action has broken above daily cloud.
shows strength above 50 levels and is gaining traction. Momentum studies .
and also support upside in the pair.
Support levels - 0.7604 (100-DMA), 0.7596 (5-DMA), 0.7570 (50-DMA)
Resistance levels - 0.7651 (61.8% Fib retracement of 0.78 to 0.7417 fall), 0.77, 0.7715 (78.6% Fib)
Stay long on close above 0.7635, SL: 0.76, TP: 0.77/ 0.7715