EURUSD Today's Strategy Analysis Bullish
Updated
EURUSD
has started to consolidate, forming what appears to be a base.
Since then, dips below 1.08 have been consistently bought up, culminating in a strong bullish Pin Bar candle yesterday.
To further support this bullish outlook, this base is forming at a key confluence of support levels, reinforcing the potential for an upward move.
With this in mind, I am looking to buy this pair, ideally on a dip, to ensure a positive risk-to-reward ratio of 1:2.
My target for a reversal is set at 1.0950, with respect to 1.09 resistance (this could serve as short term trader's target)
As expected, EurUsd took a dive to 1.08 zone and reversed
1.09, here we come
has started to consolidate, forming what appears to be a base.
Since then, dips below 1.08 have been consistently bought up, culminating in a strong bullish Pin Bar candle yesterday.
To further support this bullish outlook, this base is forming at a key confluence of support levels, reinforcing the potential for an upward move.
With this in mind, I am looking to buy this pair, ideally on a dip, to ensure a positive risk-to-reward ratio of 1:2.
My target for a reversal is set at 1.0950, with respect to 1.09 resistance (this could serve as short term trader's target)
As expected, EurUsd took a dive to 1.08 zone and reversed
1.09, here we come
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