FxWirePro- XMRUSD (Chart of the day)

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XMRUSD performed well in the past two days.

Any daily close above $180 confirms further bullishness.

XMRUSD gained more than 5% in the past two days. The pair holds well above the short-term (21 and 55 EMA) and long-term moving average. It hit a high of $169.29 and is currently trading around $168.33.

The bullish invalidation can happen if the pair closes below $140. On the lower side, the near-term support is $158. Any break below target $146/$142. significant downtrend if it breaks $140.

The immediate resistance stands at around $180. Any breach above confirms bullish continuation. A jump to $200/$216  is possible. A surge past $216 will take it to $229/$250.

It is good to buy on dips around $155 with SL around $140 for TP of $200.