Tight range but still up....

Good afternoon folks! Had a good run? Something arose this morning and have to run out to get it settled. Received a great piece of news when my boy came back from school yesterday, he topped his primary 1 class in mathematics and did very well in other subjects too!!   :)

Ok, back to the market..... frankly, there wasn't any single piece of good news to justify the E$'s rally yesterday but it did. EURAUD rallied along as the A$ faltered. In my earlier post, I have mentioned that E$ may fall into the 1.26ish region as a target and we probably have seen it achieved that with the recent low of 1.2661. Just looking at the chart below, it is starting to show a possible bottom in the making after sessions of down move. The 100(brown)DMA seems to be supporting E$ and the probability of E$ rebounding to test the 200(blue)DMA at 1.2800/10 is high for now.

Order book: Updated1
Stop loss: 1.2650/55, 1.2680, 1.2700/05, 1.2800 and 1.2850
Limit: 1.2620/30, 1.2800 and 1.2850

Technically, intraday indicator is only around the 60% mark and there is enough scope for the E$ to push further. Intraday momentum remains firm and still pointing up. As we are still in the daily cloud, expect choppy price action.
For today, on a more conservative side, the trading trade is from 1.2700/10 to 1.2765/75 (first resistance) and then 1.2800/10. I still prefer to be on the long side until closer to the resistance.

All the best! Will update again if I see any other opportunities on other currency pairs.

E$ Daily chart - 21(Red), 100(Brown) & 200(Blue) DMAs

Update2:
USDCAD (1.0013)
This currency pair looks heavy and should drift to first support 0.9960/70 and then 0.9940/50. Risk above 1.0040.