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Euro / U.S. Dollar
Long

EURUSD with a high probability setup, 1hr

160
First of all EURUSD has been playing between 1.09000 and 1.06000. And then we have a a reversal pattern in between that tells us that the buyers are in control now but that is not all.

There are a few reasons that might make EURUSD to buy:
We have a Double bottom reversal pattern that prepare us for a change in trend direction
EURUSD has reached a very strong Demand zone that if it breaks above and retests, that will also confirm the buys.
And also a break above our previous LH shows that the trend would have changed completely and there are no more selling opportunities.

But failer to do all the listed points above and fail to break 1.07400 will make EURUSD to sell.
AnalysisExpert
Chart PatternsTrend Analysis

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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.
Chart PatternsTrend Analysis
AnalysisExpert

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.