FxWirePro: Stellar/USD trades well above trend line resistance, good to buy on dips
XLMUSD has recovered massively almost more than from the low of 0.144 made on Mar 29th 2018. The pair hits high 0.43065 and is currently trading around 0.41500. Short term trend is bullish as long as support 0.3400 (100-…
XLMUSD has recovered massively almost more than from the low of 0.144 made on Mar 29th 2018. The pair hits high 0.43065 and is currently trading around 0.41500.
Short term trend is bullish as long as support 0.3400 (100- day MA) holds. The near term resistance is around 0.4620 (Dec 16th 2018 high) and any break above will take the pair to next level till 0.5130 (61.8%)/0.56/0.68 (Jan 26th 2018 high).
On the lower side, near term support is around 0.3400 (100- day MA) and any break below will drag the pair till 0.2975 (55- day EMA).
It is good to buy on dips around 0.3800 with SL around 0.3200 for the TP of 0.5150/0.5560
