DFM Technical OverviewPosted on Tuesday, February 14 2017 at 5:27 am GMT+0000
Strong long term Bullish momentum.
The recent break above the 1.42 level has shifted the long term outlook to Bullish and raised confidence for an extended move targeting the 1.66 level. With initial long term targets being reached at 1.51, allowing traders for a trail of the positions higher to the entry level. At the other hand, with short term oscillators entering deeply in the overbought territory, traders of both the medium and short term are obliged to stay neutral monitoring for any pullback that might act as a provider for renewed buying opportunities.