EURUSD New bullish wave incoming. 1st 4H Golden Cross in 4months

The EURUSD pair hit both of our targets on the latest bullish signal (see chart below) we gave on October 16, as it completed a technical Higher High on October's Channel Up:


The price is now staging the new bullish leg as it established the new Higher Low on the Channel Up. Even though the recent Higher High was rejected on the 1D MA50 (red trend-line), which is a bearish sign long-term, the emerging 4H Golden Cross (first since June 19), has the strength to invalidate that rejection.

As a result, a closing above the 4H MA200 (orange trend-line) will be a buy break-out entry for us, targeting 1.07125 (+1.85% rise from the bottom) and 1.07375 (Resistance 2) in extension. Note that as with every Channel Up bottom so far, the 4H MACD formed a Bullish Cross.

-------------------------------------------------------------------------------

** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. **

-------------------------------------------------------------------------------

💸💸💸💸💸💸
👇 👇 👇 👇 👇 👇