EURUSD - LONG
Overall swing structure of EURUSD is bullish, having price previously breaking 1.09160 high.
We have had quite a healthy pullback (which established an internal bearish structure). Price is indicating a potential end to the bearish corrective phase, showing a clear rejection at the 27%-61.8% fib extension area and a likely start of an impulsive move to the upward side to continue the overall bullish swing structure.
Looking forward to seeing price break the fractal high at 1.08358.
We have had quite a healthy pullback (which established an internal bearish structure). Price is indicating a potential end to the bearish corrective phase, showing a clear rejection at the 27%-61.8% fib extension area and a likely start of an impulsive move to the upward side to continue the overall bullish swing structure.
Looking forward to seeing price break the fractal high at 1.08358.
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