EURUSD THESIS
- EURUSD W: After rejection off 1.1256 price closed as a bearish engulfing marubozu. Market structure is very bearish.
- EURUSD D: Price broke above 1.1170 with a bullish engulfing/ hammer signalling bull strength, Next target 1.1223.
- EURUSD 4hr: Descending trendline broken momentum changed to bullish. Daily highs have been taken out. Retest of 1.1170 then should see a rally up to 1.1223.
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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.