FxWirePro- XMRUSD (Chart of the day)

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XMRUSD performed well in the past two weeks.

Any daily close above $180 confirms further bullishness.

XMRUSD gained more than 15% in the past two weeks. The pair holds well above the short-term (21 and 55 EMA) and long-term moving average. It hit a high of $137 and is currently trading around $134.15.

The bullish invalidation can happen if the pair closes below $100. On the lower side, the near-term support is $130. Any break below the target $120/$100. significant downtrend if it breaks $100

The immediate resistance stands at around $140. Any breach above confirms bullish continuation. A jump to $155/$172/$200/$216 is possible. A surge past $216 will take it to $229/$250.

It is good to buy on dips around $120 with SL around $100 for TP of $200.

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