EURUSD - 5 REASONS for Trend Continuation - 4 four Pullback

Hi Traders!
The market is in a strong Uptrend.

As you can see the market started the rally at 1.08000.
After that it retraced a bit at the Resistance at 1.1000.

But a some time later it broke this Resitance and made higher highs.
It moved up constantly and almost without deep Pullbacks.

The last high is the Level at 1.14000.
Since then it is is moving now in the deepest Retracement after the Breakout.

This Retracement has a some reasons:

• Trend-Traders taking Profits,
  
• Resistance-Traders selling now,
  
• Overbought-Traders selling now and
  
• Trend-Retracement-Traders selling because of the Retracement.
  

But this Bearish Pressure is going to end in the Buy-Zone.
This has these reasons:

• Trend-Traders buy,
  
• Resistance-Traders taking Profits,
  
• Overbought-Traders taking Profits,
  
• Trend-Retracment-Traders taking Profits and
  
• Fibonacci-Traders buy.
  

We recommend to trade the Buy with a bullish confirmation (e.g. candlestick patterns).


Thanks and successful Trading :)!