reubenroyal

8H EUR/USD POSSIBLE LONG SCENARIO

Long
FX:EURUSD   Euro / U.S. Dollar
EUR/USD has been bullish and we now see a cup and handle pattern forming on Daily chart, 4H and 8H charts which the handle portion is forming and we could see a potential reversal to the upside soon. DXY is about to encounter an ascending trendline which could lend to the evidence. Only thing to do now is wait for confirmation / bullish rejection at this zone for evidence to entry.

Finally, we have a bullish wedge pattern forming as the "handle" portion.


Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.