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Rmen
Jan 9, 2020 7:27 PM

EURUSD Middle Term Long Bias Long

Euro Fx/U.S. DollarFXCM

Description



Middle term EURUSD bias seems long for three reasons.

1. The last two fractals of downtrend wave on the daily timeframe have been broken.
1st fractal: 1.11100 (2019.09.13)
2nd fractal: 1.11650 (2019.08.26)
2. The price bar has closed entirely above 200 daily MA, end of December 2019.
3. The price bounce off quickly from major support seen at 1.0920, end September 2019.

My Targets for Long are at 1.1280-85 and 1.1360-70.
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