EURUSD has now created HL on the 4H time frame. Currently sitting at a support zone with a potential engulfing candlestick pattern. The 1H timeframe shows a rejection from the previous consolidation zone and RSI and EMA'S are showing bullish momentum on lower timeframes. I will watch closely in the London session to get a good entry if all confirmations are met.
Things to consider: News? Candle stick patterns EMA'S Momentum? Support and resistance levels.
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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.