The confirmation of the Wedge Falling at the historical bottom 1.1880 (see blue lines); the 50% fibo correction (see lilac dotted lines) from the last Bullish move 1.1880 to 1.2468 at the important support area 1.2153 and; the break up of the resistance 1.2468 last week are all strong factors that the current Bullish trend might resume.
Therefore we see good buying opportunities at the support levels 1.2512 and 1.2468 and at the break of the following resistance levels: 1.2612 / 1.2672 and 1.2740.
In the short-term we have an important resistance level at 1.2800. If this resistance doesn´t hold the bulls, in other words, if prices break it up, the possible potencial limits for buying positions are 1.3095 / 1.3115 and 1.3660.
