Current rate – 1.08637
As we seen on the graph. EMA 200 is appearing as a support and in the same moment the DEMA 200 is on the half of the last amplitude, this we can treat for a signal to place a long entry near above it. Above 61.80% fib level. a small correction move, and then again is surging up.
Pay attention to the weekly level’s (H, L) they are used for support and resistance as well.