i've decided to buy the eurusd here. an upward sloping trendline alongwith the touch of a major horizontal resistance that dates back years persuades me to buy. also, it agrees with the general momentum. the long term trend here is upwards and i think this is a good price to buy. the 4h timeframe shows a hammer and morning star formation very close to support. my stop is placed at 3650. i have not yet set a target and i probably wont do so. the eurusd has been making new highs all along. should continue doing the same.
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