EURUSD Potential Long Opportunity

FX:EURUSD   Euro / U.S. Dollar
1147 4 24
Looking at this pair for a while, we are now finally pushing down into that previous consolicadation support area down at 1.0810's.
We will be paying attention to this in the live room today but we are not expecting much action in anticipation of the NFP release tomorrow.

As you can see market is stalling down at that level putting in a descending channel .
We do have bullish divergence on the RSI which is typically a good indication that we could see some relief too. We have market putting in lower lows and the RSI putting in Higher Lows.

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It already did breakout! But bounce back can be expected!
Yep the breakout happened a couple of hours after my idea was posted.
have a similar set up on EC
+1 Reply
Thanks for sharing
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