It bounced off of the 21/2 bollinger band bottom. Which suggest it will take out the top bollinger and target higher. I'd guess 1.3750 in the near term. EDIT: The bollingers are contracted at this point as well. These are all viewed on the 1 hr chart. Contracted BB's suggest a volatility is imminent.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.