Spot Price: 1.9785
Technical Analysis:
Price continued to rally and broke through the 10-day MA at 1.9775 late Asia. Long trades now in play and the pair have popped back above the 1.9800 mark in early London trade. Hourly studies continue to tick north and a 1.9835 retest is possible. Daily trend studies are constructive and we are now looking for a break of 1.9835 for a run at 1.9970.