EURUSD: Medium term buy opportunity.

The price has again approached the 1.1175 - 1.1185 Support Zone on 1D, which is a Channel Down (RSI = 41.503, MACD = -0.002, Highs/Lows = -0.0025). Since however this Support Zone has rejected any bearish break out twice already since March 7th (on a 1W time frame 1.1215 has been supporting since November 12th), we will consider shorting any further only if this level is crossed. This should happen as 1M (monthly) is also a very long term Channel Down (RSI = 41.640, MACD = -0.002, Highs/Lows = -0.0235) aiming at a 1.1100 Lower Low, but since EURUSD is much closer to that price than its Lower High zone, the upside potential on the medium term is greater.

We are therefore buyers again on the current levels with 2 long targets: 1.12600 and 1.13500 (second one pursue with SL already on profit).


We encourage investors to use those wider time frames (1M, 1W Channel Down) in identifying entries/ exits as they have been very consistent for us for the past 2 months:









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