Euro / U.S. Dollar
Long

EURUSD MA50 (4h) rejection gives one more buy opportunity.

279
EURUSD got rejected today on the MA50 (4h), after the price bottomed yesterday near the lows of the Channel Down.
The rejection could technically be a final buy opportunity similar to the October 25th rejection, which lated resumed the uptrend and completed a +1.64% bullish wave.

Trading Plan:
1. Buy on the current market price.

Targets:
1. 1.08550 (+1.64% from the low).

Tips:
1. The RSI (4h) crossed above the MA trend line, confirming that this is indeed a bullish wave.

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Notes:
Past trading plan:

EURUSD Short term buy inside a Channel Up.

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