Hey guys!! I think EU is fully ready for it next rally, we've the uptrend through 2020 still intact, through this year the pair always get out of any suppose bullish pattern for awesome rally.
We've price finding support @ 1.2051, a zone that has been acting as support since we get above the level on 1st of December 2020, the zone also align with the 38.2 Fibonacci retracement level of the last impulse move from November 2020 low through January 2021 high, with a daily PINBAR from yesterday and a break above the falling Wedge.
The target will remain @ 1.2500 zone expecting price to clear the high @ 1.2350 and continue up while we have our stop-loss slightly below @ 1.2000
We've price finding support @ 1.2051, a zone that has been acting as support since we get above the level on 1st of December 2020, the zone also align with the 38.2 Fibonacci retracement level of the last impulse move from November 2020 low through January 2021 high, with a daily PINBAR from yesterday and a break above the falling Wedge.
The target will remain @ 1.2500 zone expecting price to clear the high @ 1.2350 and continue up while we have our stop-loss slightly below @ 1.2000