Some Bullish Signs and Testing of the Monthly Pivot Point

FX:EURUSD   Euro / U.S. Dollar
176 0
Price has found support by the completion of the minor
ABCD and is now trading above the Monthly pp , and
is testing the Yearly S2 and Kijun sen (white line), and also
breaching the Monthly pivot point , Next resistance level
will be the top of the Kumocloud and Weekly Pivot point .
Above that Sma 200. A close back below the Kumocloud
will give a Kumobreak sell signal. Still, chances are price will
try to complete the ABCD pattern at 1,12 before a resumption
of downtrend will appear. Any sharp drop that will take out the
C-level of larger ABCD pattern at 1,0615 will expose
previous lows and Monthly S1 at 1,0380. The longer term
target from higher tf analysis, in my view, stands at 0,93.
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