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Jaz4Rings
Aug 25, 2019 8:56 PM

Bulls Take EURUSD Long

Euro Fx/U.S. DollarFXCM

Description

Starting on the daily time frame, price has created a nice triple bottom, or some may consider it a double bottom. However, price visited this support area several times, and finally broke out to the upside.

The 4H shows a clear break of a bearish trend line as the markets closed last week. There was some signs of exhaustion based on the wicks right before market close.

So I will be looking for a slight pullback into the counter trendine and previous resistance (now will be support) area before looking to buy.
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