DLavrov

EURUSD: New Uptrend and When to Buy

Long
FX:EURUSD   Euro / U.S. Dollar
The price moves back to the support zone formed by SMA50, SMA100, and the local uptrend line. As we can see the market tries to develop the uptrend, and we have reasons to think that the market is bullish. If so, we should wait for a reversal from the support zone. It will give us a new buy opportunity in the direction of the uptrend. During the next week, the market will be able to provide us exact buy signals.

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