FxWirePro- FTMUSD Daily Outlook

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FTMUSD was one of the best performers this week.

Any close above $1.25 confirms further bullishness.

FTMUSD surged more than 40% after a massive sell-off. The pair holds well above the short-term (21 and 55 EMA) and long-term moving average. It hit a high of $0.3750 and is currently trading around $0.3658.

The bullish invalidation can happen if the pair closes below $0.20. On the lower side, the near-term support is $0.30. Any break below targets $0.25/$0.20.

The immediate resistance stands at around $0.40. Any breach above confirms a minor pullback. A jump to $0.54/$0.625 is possible. A surge past $0.65 will take FTM to $0.85/$1.

It is good to buy on dips around $0.30 with SL around $0.20 for TP of $0.85.

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