$SCR /USD Consolidates Above $1.03: Ready for a Potential Breakout?
$SCR /USD is currently trading at $1.034 on the 15-minute chart, recovering from a low of $0.991 and showing signs of consolidation near the support level. The pair faces key resistance at $1.05, with a solid support zone at $1.02. Traders may consider a long entry at the current price of $1.034, with tight profit targets: TP1 at $1.045, TP2 at $1.055, and TP3 at $1.065. To manage risk, a stop-loss (SL) is suggested at $1.02.
The RSI indicates the potential for further upward movement, while the MACD is neutral, signaling reduced bearish momentum. This setup offers a calculated opportunity for short-term gains. Monitor price action closely at resistance for a breakout, which could pave the way for additional upside.