EURUSD-time for a rebound?

FX:EURUSD   Euro / U.S. Dollar
1794 6 13
Looking at this W1 chart we see a bullish butterfly already completed.
Price is touching PRZ on D1 chart and formed a decent bullish candle.
I really suspect a rebound is highly possible at this level.
If you are a believer can long at current price.
Best regards.
This analysis still holds. Indeed there is a big bullish candle on 16/3/2015 which should get us to the 1.15798 target. Also an inverted head and sholders pattern has been formulated on the H4 chart which reenforces our bullish bias.
FullTimeTrader eliaselias
If the price breaks and holds above 1.1000 the target 1.15000 is possible
its really gonna work.
A very nice and clear long term analysis :)
+1 Reply
Too clear to critisize... i like that analysis
+2 Reply
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