EURUSD broken the 10 months long descending channel and currently re-testing it. It has started making HH and HLs on 4h and daily candles.
Currently it has taken support from rising support line on 4 h candle, its daily closing will define whether it would be in uptrend from here or not.
My bias: I am Bullish in EURUSD and will go long after confirmation of today's candle.
Currently it has taken support from rising support line on 4 h candle, its daily closing will define whether it would be in uptrend from here or not.
My bias: I am Bullish in EURUSD and will go long after confirmation of today's candle.
Note
Trend reversal begins!
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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.