EURUSD has already establish an uptrend courtesy of Mr. Draghi. Support at 1.08 is holding nicely going into the end of the week.
Risk parameters favor the long setup here against lows for a potential relief rally next week.
To me for confirmation of regular upside will be 4hr close above 1.098..
I have plan to add small scalp long trade @ 1.088 with tp just 40 pips @ 1.092.. and will hold other deal
here is my chart
for eu.. last time it rose from 1.062 on fomc and went towards close to 1.10.. on weekly chart u can see that long candle.. left side and then eu retrace almost 90% and then up towards 1.15..
Now we have draghi rise.. and eu exactly stopping as per last weekly candles on my chart left side... so.. no matter what support.. i think eu to retrace good or even make a new low then up... maybe i am wrong.. but i will stick to it.. cuz so far things working exactly as per my analysis..