I believe the daily momentum for this pair is still bullish. The 4H retraced to the 38.2% fib and presented a Volume bullish engulfing on top of a trendline . While I do believe the Euro is getting weaker, one more higher high or bullish push would make perfect sense considering the fact that its beneath a major resistance and had been rejected there prior. Its...
EURUSD is bullish in all aspects of the form. It took a small double bottom to confirm the major Double bottom on the daily. ADX is bullish during the latest high. Price may proceed to retrace to retest the daily support as it was previously rejected. I will buy upon a bullish reversal on top of support.
EURUSD retraced to the 38.2 and formed a morning star. Price then broke through a strong resistance. The 1H is looking to re-test support. I will be looking for indecision and reversal candlesticks on top of the daily support or the prior high which is near the low & 38.2%.
EUR/USD Touch 78% Fib Level And It Will Fly From There Be Ready
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