Yesterday the bulls were un-stoppable and they successfully broke the 1796 barrier which they have failed for last three times. The 50 EMA is around 1794. The 4 hour chart has confirmed the breakout and from now 1796 is our support. However lets wait for the daily candle also to close above 1796 today as this is a test candle. Once the price closes above 1796 and passes the test today in Daily chart also then we can expect bullish momentum in coming days.
For today lets see if price can break the 1808 level which is rejected previously by the high volume candle as seen from the spikes. I will go for short today with SL at 1812.
For today lets see if price can break the 1808 level which is rejected previously by the high volume candle as seen from the spikes. I will go for short today with SL at 1812.
