X5
Long

EUR/USD H4 - Possible Long setup

X5  
FX:EURUSD   Euro / U.S. Dollar
Price has formed a contracting triangle. A bullish alternative 5-0 emerges and the price could test support at 1.0788. It looks like a bullish divergence will occurs and if a reversal bar pattern show up, it could be a good idea to go long and target 78.6 – 88.6 fibo retracement.


Comment: Price probably will test resistance at 1.0948, at that point, many possibilities to project a pattern for a short position.
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