ProCFDTrader
Long

EURUSD hourly chart analysis, may resume uptrend

FX:EURUSD   Euro / U.S. Dollar
EURUSD market structure looks bullish in the hourly chart. Price has moved back above the 100H EMA .

There is a possibility of uptrend continuation. The support level at 1.1690 is also intact. If the price consolidates and stays above the 1.1770 level, then further uptrend towards 1.1900 can be expected.

I would be looking to buy if price dips again towards the support level as highlighted in my chart.

Comments

Good analysis
+1 Reply
ProCFDTrader Saad_Raja
@Saad_Raja, Thanks
Reply
good one, check mine :
+1 Reply
@FXCM, Good charting.
+1 Reply
@FXCM, Nice idea
Reply
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