FxWirePro- BNBUSD Daily Outlook

Intraday bias - Bullish

Trend reversal level- $528 (200- day EMA)

Any close above $620 confirms a bullish continuation.

BNBUSD took support near the 200-day EMA and showed a minor pullback. It hits a low of  $561.20 yesterday and is currently trading around $553.

 The pair holds above 34 and 55 EMA in the 4-hour  chart. The bullish trend continuation can happen if the pair closes above $615 in daily chart. On the lower side, the near-term support is $561 (resistance turned into support). Any break below targets $540/$528/$500/$470 is possible.

The immediate resistance stands at around $580. Any breach above confirms minor bullishness. A jump to $605/$620/$647/$700 is possible. A surge past $725 will take it to $800.

Indicators ( 4- hour chart)

Directional movement index - Neutral

CCI (50)- Bearish

It is good to buy on dips around $560 with SL around $528 for TP of $700.