The has shown price action has deviated away from the 50 slightly suggesting that there may be a potential for a small pull back on the bull side. There seems to be a key daily level around the 0.77600 level, which could be a key level for price action to react a reject against before proceeding to the upside. The next key level of interest on the daily time frame is the 0.78800 level, where price action has previously held as . The oscillator is showing signs of price action being over sold, with the graph breaking below the 20 level.
As mentioned previously the has formed a in the . There is a significant deviation between price action and the 50 indicating that the is potential for price to pull back up towards this moving average.
The hourly chart has shown that price action has formed a at the lower end of what can be considered the corrective wave of the large bull trend. Once price action needs to break this before entering a position, for an early entry this may be used as a management point. key levels to look out for on the hourly chart are the 0.78300 level which could act as resistance and also the 0.78090 level.