Quite simply, the series of higher highs and higher lows since early March is bullish. I have written recently that “know that once the turn occurs, it will be fast…there are 2 areas to look for longs; the low side of the diagonal line and a break of the top side.” The top side of the diagonal line has been broken (arrow) and the advance is expected to accelerate in the coming days. Short term support is at 1.2750. The minimum target, which may take a few weeks to be reached, is 1.33. Bulls can move risk to 1.2614.
