EURUSD LONG SETUP
EURUSD is still in an UPTREND with our overall target @ 1.2500.
Price is still trading above the falling WEDGE, with a weekly close outside the WEDGE, even though the week close bullish but the bullish sentiment couldn't clear the bearish sentiment or bearish weekly candle of the previous week.
Price will need to remain above 1.2160 zone on a daily closing basis on Monday to set price higher, with next possible hurdle @ 1.2220, if price can clear the hurdle then that will expose 1.2350 zone and possibly beyond (1.2500).
Price is still trading above the falling WEDGE, with a weekly close outside the WEDGE, even though the week close bullish but the bullish sentiment couldn't clear the bearish sentiment or bearish weekly candle of the previous week.
Price will need to remain above 1.2160 zone on a daily closing basis on Monday to set price higher, with next possible hurdle @ 1.2220, if price can clear the hurdle then that will expose 1.2350 zone and possibly beyond (1.2500).
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