EURUSD Buy Opportunity

The market has broken the strong resistance levels and now it's above 1.16000 level. We have the up trend and we should search for entry levels for buying. Now we have a short term retracement from the high and the market can drop to possible reversal zone formed by MA20 and 1.16000 support level. It will be possible to get a buy signal from this zone. Let's look at signals from indicators in order to get better insight of the market. MACD falls and it shows that the market has potential for downward movement. DMI confirms trend market conditions. These 2 indicators tell us that the market can drop to the nearest support level and bounce in the upward direction. The nearest support level is 1.16000 and we should expect for price reversal from this zone. RSI will have to confirm price reversal. MACD will have to reverse and support a new upward movement. Only after getting these signals we'll have to open long trades with stop orders below the local swing low and the support level. Profit targets for long trades can be based on whole numbers. If the market breaks 1.16000 level, we'll see downward movement to MA50 and MA100.