EURUSD pulls back from the highs, uptrend to continue?
As predicted in my previous idea, EURUSD rose from 1.0850 to 1.1050 level from where it pulled back.
Price moved exactly as predicted, check previous idea below for reference.
Currently, EURUSD is hovering around the dynamic support level in the 4Hour time frame and also at
the ascending trend line that I have highlighted in my chart.
If price stays above the key zone( highlighted with an ellipse) in my chart, EURUSD can continue
the uptrend. Long entries between 1.0890-1.09 with SL below 1.0850 and TP at 1.1050 would be valid.
Keep in mind that my long-term bias for EURUSD is bearish. If price reaches the 1.1050 level again,
I would be looking to sell with 1.05 as my long-term TP.
Price moved exactly as predicted, check previous idea below for reference.
Currently, EURUSD is hovering around the dynamic support level in the 4Hour time frame and also at
the ascending trend line that I have highlighted in my chart.
If price stays above the key zone( highlighted with an ellipse) in my chart, EURUSD can continue
the uptrend. Long entries between 1.0890-1.09 with SL below 1.0850 and TP at 1.1050 would be valid.
Keep in mind that my long-term bias for EURUSD is bearish. If price reaches the 1.1050 level again,
I would be looking to sell with 1.05 as my long-term TP.