TA wise, looks Bullish as it is able to bounce off from the low of 1.49 and stage a nice recovery and rises higher to close at 1.67 last Friday, looks rather positive!
Both MACD & RSI are rising nicely upwards and may likely provide further indication that price may continue to trend higher.
The current price is also staying above it's SMA line which is another positive indication that price may likely move up to retest 1.74 level.
Breaking out of 1.74 with ease + good volume that may drive the price higher to 1.80 then 1.90 and above .
US crude surges 3.3% to 2-month high on hopes for US-China trade deal.
Crude futures ended Friday’s session up $1.73, or 3.3 percent, at $53.80 per barrel.
Not a call to buy or sell.
Pls dyodd.
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