Looking at the monthly chart, the strong upside resistance is visible. It is the 0.8725 level. A break above this level will open the further upside continuation into 0.9000. This month reversal from the 0.8283 level also 100 SMA is bullish reversal indicator.
The weekly chart reveals the break of the falling trend line 0.8600 level, which is now the support for the upside continuation. Long entries could be initiated on a pullback to this level for the retest. Any sign on a deeper break below this level will invalidate the upside continuation.
On the daily chart, there is an uptrend support line within the support 0.8600-0.8650 zone. This zone is also the targeted entry point for the long trade entries. Take profit targets on this long trade could be 0.8800 level and as seen on the monthly chart 0.9000-0.9200 zone.
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