🔸Hello guys, today let's review 4daily price chart for EURUSD. Strong bullish wave in progress right now trading near 1.1000 almost 3/4 through the way, however more upside available mid-term into end of year.
🔸Previously we had multiple 20/22% bullish price swings since the downtrend started in 2009. 3 swings completed already, right now swing 4 in progress.
🔸Earlier we had a technical overshoot to the downside near parity, however since then EURUSD recovered massively and now bulls are trading near 1.1000, still more upside remains based on previous price swings.
🔸Recommended strategy position traders: bulls maintain control until re-tests of 1500/1600 so therefore I recommend to accumulate dips targeting 1500 with SL over recent lows. Final target for the bulls in this price swing is 1500/1600, so 500-600 pips upside remains intact. good luck traders!
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eurusd 4hours best level buy/hold tp 1450 swing trade
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short-term update - see above. focus on buying dips based on higher highs / higher lows sequence.