EURUSD Long
+ Weekly: Last weeks price pulled back to 1.1325 resistance after new low was formed on monthly. Although candle closed as a bullish engulfing I do see a reversal from here as this pair is bearish.
+ Daily: Price drove into 1.1285 with a small rejection signalling bullish momentum entering the market. Moving averages have also just crossed over bullish.
+ 4hr: Price forming new highs so its very bullish. Pair recently just made a higher low at 1.1285 + 4th bounce off trendline and has now began to rally up target 1.1350.
If 1.1300 break we will look to enter after retest.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.