Price is consolidating around 1.48 after hitting 1.60 resistance earlier. The short-term MAs (MA5: 1.49 / MA10: 1.49 / MA30: 1.50) are flattening, showing indecision and potential base-building. A breakout above 1.50 could shift momentum bullish again.
Momentum remains neutral-to-weak in lower timeframes. A close below 1.45 may signal another dip before recovery.
Next Move:
If bulls defend 1.47 and push above 1.50 with volume, expect a retest toward 1.58–1.60 range. Watch for higher lows confirming a short-term trend reversal.
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Long Trade Setup:
Price is consolidating around 1.48 after hitting 1.60 resistance earlier. The short-term MAs (MA5: 1.49 / MA10: 1.49 / MA30: 1.50) are flattening, showing indecision and potential base-building. A breakout above 1.50 could shift momentum bullish again.
Entry: 1.47 – 1.49
Stop Loss: 1.45
Targets: 1.53 → 1.58 → 1.60
Risk Note:
Momentum remains neutral-to-weak in lower timeframes. A close below 1.45 may signal another dip before recovery.
Next Move:
If bulls defend 1.47 and push above 1.50 with volume, expect a retest toward 1.58–1.60 range. Watch for higher lows confirming a short-term trend reversal.