Fxprotrader
Long

EURUSD Waiting For A Buy Setup

FX:EURUSD   Euro/U.S. Dollar
258 0 18
Clearly price is in a corrective structure in EURUSD             after a rally, so we keep a closer eye for a buy setup to go long when it happens. In MACD we have a bullish divergence which shows that this correction is about to end. We should watch for a breakout above the trendline of the corrective structure, and buy the market. Another scenario would be to have one more wave to the down till the lower trendline of the correction.

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