Looking for the bullish momentum to continue, Support was respected and we can see an introduction of demand as well as a break of the trendline which signifies liquidity
No doubt that EU has become my baby, im expecting for it to come back down to grab some liquidity before the final rally upwards. if the level holds, itll make for a great RR
I am still very much bullish on this pair. As the update indicates, we have three touches on the bottom trendline and a break of the upper trendline in resistance, I am thus expecting a retest before entering long positions. A confirmation of the long trade will come as either a strong rejection off the support or a strong bullish move.
My bias is long overall but I what I know is that the short has to be completed before the continuation. On the H4 time frame we see that we are in a corrective phase. We could also see a possible Breakout to the upside
