EURUSD 4H Chart Analysis: Anticipating a Bullish Move
Updated
On the 4-hour chart, the EURUSD pair is currently completing its corrective waves. A bullish move is anticipated. However, a potential reversal and correction could occur around the key ABCDE correction point at 1.08221.
Despite the possibility of a pullback at this level, shorting the pair may carry high risk. The broader outlook suggests that the bullish momentum is likely to continue beyond this correction point. Therefore, it's crucial to monitor price action closely and consider the overall bullish trend before making trading decisions.
Despite the possibility of a pullback at this level, shorting the pair may carry high risk. The broader outlook suggests that the bullish momentum is likely to continue beyond this correction point. Therefore, it's crucial to monitor price action closely and consider the overall bullish trend before making trading decisions.
Note
You can see the previous analyses here:
Trade active
We are currently observing the completion of our third minor motive wave. While a short-term sell is anticipated, it is not recommended as a viable trade option. Instead, a potential buying opportunity around the 1.0715-1.0725 levels appears more viable. This range could present another favorable entry point for a long positionTrade active
The bullish trend appears to have run its course, and a correction is likely to follow. Please be aware that shorting the pair at this point can be considered a high-risk trade.
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