EURUSD - High confluence trade
EURUSD has clearly broken a Resistance level. Price action indicates higher lows and higher highs in lower timeframes. Also, from the 4hr timeframe to lower ones we can easily see that price is pushing higher and breaking to the upside with engulfing candles. For full confirmation, a bullish engulfing candle
has broken both the 8 and 14 EMA on the 5min timeframe
has broken both the 8 and 14 EMA on the 5min timeframe
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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.