EURUSD Targets 1.2200 if this level holds

EURUSD is grounded inside the MA50 (1D) and MA100 (1D).
As long as the MA100 (1D) is holding, then the rise that started in September can be sustained long term in a similar way as the downtrend of 2021-2022 was.
The 2021-2022 Bear Cycle was confirmed after the MA50 (1D) crossed under the MA100 (1D). Similarly on December 7th we had the MA50 (1D) crossing over the MA100 (1D) to confirm the new Bull Cycle.

Trading Plan:
1. Buy on the current market price.

Targets:
1. 1.2200 (close to the -0.786 Fibonacci extension, the same target the Bear Cycle had). This is a long term trade.

Tips:
1. The RSI (1D) is proportional to what it was at the start of the Bear Cycle.

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