As you can see EURUSD made strong impulse, it can be reversal. I want to see 1h flag and only then i will take that breakout.
REMEMBER: Don't jump in buy to early!
So keep an eye on it & be patient & trade with care! :)
Look at my previous perfect USDCAD analysis! AMAZING, right?
EURUSD is testing our first support at 1.2228 (horizontal swing low support, 61.8% Fibonacci extension, 76.4% Fibonacci retracement, Elliot wave structure). A bounce might occur above this level, pushing price up to our major resistance at 1.2341 (50%, Fibonacci retracement, horizontal swing high resistance). A breakout of our intermediate resistance at 1.2285...