The pair holds in green for the third straight day and extends rally from 112.23 double-bottom through pivotal Fibo barrier at 113.35 (61.8% of 114.03/112.23 bear-leg), close above which would generate bullish signal.
The dollar was boosted by higher US treasuries and weakness of pound on rising uncertainty over Brexit.
Near-term action is underpinned by thickening daily cloud which contained recent attacks and strengthening bullish momentum.
Bulls eye target at 113.61 (Fibo 76.4%) break of which would open way towards peaks at 114.03 (28 Nov) and 114.20 (12 Nov). Broken converged 10/20SMA’s (113.20) are expected to contain dips and keep bulls in play
Res: 113.61, 113.82, 114.03, 114.20
Sup: 113.35, 113.20, 113.08, 112.92
