Trading suggestion:
. There is a possibility of temporary retracement to suggested support line (46.30). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. NEOUSD is in an uptrend and it is expected to continue.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 45.
Take Profits:
TP1= @ 49.75
TP2= @ 55
TP3= @ 60
TP4= @ 64.40
TP5= @ 69.40
SL= Break below S2
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