Based on raw price action we can see that the EUR/USD pair wants to rise as least for the week. We have several indication of a bull market. I will list the important few, for me, that is.
First: We have past a previous Daily high and have broken that previous high with authority.
Second: We have been in an up trend on the 4H and 1H for the past 11 days (Including weekends).
Third: We have no reason to believe the weekly chart has gone bearish, it has made counter trend reversal but no crossing of the swing low. It has produced 2 bullish pin bar reversals at the weekly swing low.
My Bias is long. We have zero reason to believe the current uptrend is not in control of the market after breaking the most recent high.
Have a wonderful week, year, and life time of trading!
First: We have past a previous Daily high and have broken that previous high with authority.
Second: We have been in an up trend on the 4H and 1H for the past 11 days (Including weekends).
Third: We have no reason to believe the weekly chart has gone bearish, it has made counter trend reversal but no crossing of the swing low. It has produced 2 bullish pin bar reversals at the weekly swing low.
My Bias is long. We have zero reason to believe the current uptrend is not in control of the market after breaking the most recent high.
Have a wonderful week, year, and life time of trading!
