Why I Think EURUSD Will Buy This Week...Technical Analysis

Hey Rich Friends,

I think EU will be buying this week. Please remember that this is only a technical analysis, so check the news and cross-reference your chart and indicators. Here is what I am looking at:

- The market has already rejected a previous demand zone causing the price to continue to buy
- The 3 EMA (blue) has crossed above the 10 EMA (purple) on the H1 timeframe, which is a confirmation of a buying trend for me
- The STOCH is facing up and the fast line (blue) has already crossed above 20 and back into the shaded area.

Signals you can wait for:
- The 3 EMA (blue) to cross above the 10 EMA (purple) on the H4 timeframe.
- The slow line (orange) to cross above 20 and back into the shaded area

I entered this trade for a market execution buy and set a buy limit in the demand area.

Great luck and happy trading this week on all your trades! Let me know if you take this trade idea and how it plays out for you.

Peace and Profits,
Cha

Trade active

Trade closed: target reached:

TP 1 HIT AT 1.06850 +40 PIPS

TP 2 and TP 3 Pending