EUR/USD - buy on 4H near strong support
market reached new 2019 low and is likely to move up (correction movement) to first bigger resistance area at 1,099
I expect a breakout above drawn pointed down trend line which implements fast up movement to at least take profit area
-RSI baselines area near heavy overselled area and retraced two times which implements bullish up movement
-stochastic RSI baselines are in heavy overselled area and crossed bearish which implements bullish movement
-MACD baselines going to cross bullish which implements up movement
Good luck and a nice weekend to all !
I expect a breakout above drawn pointed down trend line which implements fast up movement to at least take profit area
-RSI baselines area near heavy overselled area and retraced two times which implements bullish up movement
-stochastic RSI baselines are in heavy overselled area and crossed bearish which implements bullish movement
-MACD baselines going to cross bullish which implements up movement
Good luck and a nice weekend to all !
Comment:
market need to break the drawn pointed down trend line to make this setup valid finally
Comment:
Comment:
Market closed above trend line which should bring buyers into the market this weekend
Trade closed: target reached
The analyses provided are for informational purposes only and do not constitute financial advice or recommendations to buy or sell anything. The information presented is based on personal research and interpretation.
