FxWirePro- XMRUSD (Chart of the day)

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XMRUSD performed well in the past two days.

Any daily close above $182 confirms further bullishness.

XMRUSD gained more than 15% 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 $181.82 nd is currently trading around $177.35.

The bullish invalidation can happen if the pair closes below $100. On the lower side, the near-term support is $165. Any break below the target $150/$120/$100. significant downtrend if it breaks $100

The immediate resistance stands at around $187. Any breach above confirms bullish continuation. A jump to $200/$216/$245 is possible. A surge past $245 will take it to $300.

It is good to buy on dips around $150 with SL around $100 for TP of $250.

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