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GOING TO LONG EUR/USD @ 1.15000 Eur/Usd, triple analysis on Monthly, Weekly, and Daily shows Bullish sentiment, current candles making Higher Highs and Higher Lows on Monthly, and Weekly, currently Eur/Usd retraced on Fibonacci level and bounced off 38.2-50% range area, looking at Daily chart the previous high has been breached now, creating Higher High, the previous high when hit Resistance, bears took it down to Support, right now bears have been rejected at key Support level and confluence with Fibonacci and Inner Trend line. Currently price is squashed between Resistance (Bears) and (Support) looking at Monthly there is High Resistance with the 13/21 and 200 EMA, on Weekly 200 EMA acting as Resistance 13/21 tightening up acting as Support. on Daily 13/21 are bullish, 200EMA is acting as Resistance. Fibonacci Extension Level on Daily showing there still more movement with price, once 1.15000 is breached get set for nice Breakout, on weekly, and Daily, nice clear traffic to the Fibonacci D Level Target Area and Resistance alignments with previous high. with No Traffic being on Left side. Right now waiting on multitude of confluence and price alignments, and 1.15000 Major Psych Level breach will Long Euro.
Long
by myfxtrades
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