The 1D Channel Up ( RSI
= 64.273, MACD
= 15.350, Highs/Lows = 11.000, B/BP = 26.8360) pulled back to the expected ~2,910 Higher Low and rebounded on a strong candle sequence. The uptrend is now strong on all levels (4H RSI
= 61.057, Highs/Lows = 10.5536) and is moving towards at least a 2,947.75 ATH
test with high chances of making a new Higher High near 2,966. Our TP remains 2,960. At the moment the 1W Channel Up, which signifies the long term bullish
behavior of EURUSD
, can potentially extend as high as 2,983.25 for a Higher High and is at the same time supported at 2,878.00 for a Higher Low (if printed we will add another long).