OANDA:EURUSD   Euro / U.S. Dollar
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OANDA:EURUSD

Looks oversold and taking a long trade... make quick 20-25 pips profit.

- OANDA:EURUSD pair remains bullish technically, although the daily consolidation has made technical indicators lose upward momentum.

- Nevertheless the price is above a bullish 20 SMA , whilst the 100 SMA advanced to meet the 200 SMA , both around 1.0550 now in 4hr chart.

- A major Fibonacci resistance comes at 1.0710, as the level stands for the 38.2% retracement of the November/January slide with renewed buying interest above it opening doors for an advance towards the 1.0800 region.

- Our indicators pointing to an long entry with short pips

As usual 20-25 pips profit target. Ride with me!
Draghi messed it up !
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turned to -50 pips to me
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Fine!
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