(Click on the attached Daily chart to enlarge it)
The Double-Bottom at 91.94 with an Engulfing Pattern on Sep. 03rd, confirmed with the next day Sep 04th being a Bullish day; the Stochastics at very oversold levels, with its signal line (%D) crossing up the Stochastic (%K) line which is pointing up; MACD also pointing up below its reference line, all that strongly favour the Bulls.
It is definitely worthed to try to ride this supposedly new Bullish move. In other words: don´t let missed opportunitities or a few trades being stopped out getting you out of this Bullish move.
So my strategy is to enter LONG at the following supports: 92.95, 92.85, 92.78/72 price area, 92.52 and 92.30.
Prices might not get that far down, so my strategy will also enter LONG at the break of the following resistances: 93.23 and 93.43.
Targets are: 93.90 and 95.00.
