EU Analysis - Long
Daily: The pair is currently in a correction rally (short term uptrend), which means the pair could possibly rally higher. The pair has consolidated on 1.17500 as it formed a bullish flag. The upside target would be Key level 1.19 & 1.2. Look for favorable entry on H4.
H4: The pair has broken out of the bullish flag with a strong Hammer formation. It has retested the support at 1.17500 & the channel structure. Look for chance to entry the trade.
Order cancelled
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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.