EURUSD Bottom formation and bullish reversal in progress.
EURUSD capitalized on the 4hour Rising Support that flashed a Bullish Divergence, while the price was still declining.
The Lower Lows eventually have now turned into Higher Lows and potentially a Channel Up.
Since the May 31st Low, the Support has been holding so now is a low risk level to buy and target the bottom of Resistance Zone B at 1.08100.
Previous chart:
Follow us, like the idea and leave a comment below!!
The Lower Lows eventually have now turned into Higher Lows and potentially a Channel Up.
Since the May 31st Low, the Support has been holding so now is a low risk level to buy and target the bottom of Resistance Zone B at 1.08100.
Previous chart:
Follow us, like the idea and leave a comment below!!
TheCryptagon offers news & insights on global markets (crypto, forex, stocks, commodities). Follow so you don't miss anything!
🤑Message us for private forex & crypto signals in our VIP channel (70% accuracy)!💰
TELEGRAM: t.me/thecryptagon
🤑Message us for private forex & crypto signals in our VIP channel (70% accuracy)!💰
TELEGRAM: t.me/thecryptagon
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.