Technical: By connecting the lows of several candles of the pair, we can see that the trend is moving upwards with a pretty nice and solid trend. Based on the last candle stick, it is able to see that the selling power is weakening. Looking at the Stochastic, it’s moving towards the oversold region.
Fundamental: US has been doing pretty good recently in terms of economy. By looking at today’s released US jobless claims and core order goods, both reports were better than forecasts. Tomorrow morning at 8.30AM, US GBP report will be released. By looking at some other reports, as long as the GDP is the expected 1.9% or better than that, it will be a bullish sign for the US dollar.
Long: 79.984, TP: 80.984, SL: 79.922.
Not risking more than 2% of account.