Is EURUSD bullish momentum confirmed?
On 4hr chart we can see price have made an impulsive wave to the up side followed by a zigzag. Thereafter another impulsive move was made followed by a zigzag of lower degree. This accumulation phase shows a potential for a bigger longer term move to the upside. Find confluence and lower timeframe confirmation to catch up the expected bullish momentum.
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.
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.