INDICATORS: SMA55, SMA89, MACD
In monthly chart, 3 facts are obvious, and 1 prediction is made:
1) SMA55 cross-down SMA89, and it is kept well, the rising maybe slow and retrace often happens.
2) MACD DIF indicator is rising steadily to zero axis, in short term, the rising of this pair is expected.
3) Monthly SMA55 is not touched, so I extend it to target date, at about 1.09158, this is the upper limit.
4) The resistenance line may be not a problem, I expect it is broke…