EURUSD Long Thesis:
- On weekly timeframe last week candle closed as a hammer candle at 1.1300 monthly support.
- Price has been stuck in a range for 16weeks.
- Previous highs was taken out and new highs was formed after a clean break of 1.1320.
- Now expecting a retest of 1.1320 for a 3rd bounce off ascending trendline before rally up to 1.1398.
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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.