broke out of its short-term term descending resistance line and horizontal overlap support level
at 0.7307 (50% Fibonacci retracement
, horizontal overlap support). A strong reaction could occur at this level pushing its price up to our next resistance level
at 0.7345 (61.8% Fibonacci retracement
, 61.8%, 100% Fibonacci extension
, horizontal swing high resistance). A breakout of this level could potentially push price up to our next major resistance at 0.7386 (horizontal swing high resistance, 78.6% Fibonacci retracement
(89) is also approaching its long term descending resistance line and a bullish
exit would a good precursor for further potential rise in price.