Seems forging support at MA200 the important supporting trendline, volume albeit not super strong but healthy one is observable through past 2 weeks. Based on BB formation, likelihood of ascending further north is there.
In H4, we observed a sharp uptrend testing resistance 2.73 (+6%) with good volume. All indicators are showing good momentum to continue on next few candles. Taking account of previous uptrend waves, we believe the Higher High will complete anytime soon to form a potential pullback to test area of value around 2.35. This is required to build a strong support to...
Rst: 1.89/ 2.15
1.72 again proven as solid support. Friday bullish Marubozu candle neutralised Thursday bearish engulfing formation, this is very strong bullish signal, and with the support of rising indicators, breakout from Fibo first tier hurdle at 1.89 is imminent. More to come.
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The Euro is on a bearish trend line that is expected to be broken, heading towards the upside, and bouncing at the strong point of the rebound volume profile.
Here is the full analysis for this pair, let me know in the comment section below if you have any...