EURUSD is a Forex instrument; by looking at the chart, we can say it has taken support from the nice support ZONE. This time BUY setup is Risk:Reward :: 1:3.5.
I am asumming it to go higher now.
Reason:
Verdict:
Bullish
Plan of action:
Buy : 1.05844
SL: 1.04608
Target 1: 1.07668
Target 2: 1.09896
I am asumming it to go higher now.
Reason:
- it has taken support from very nice support zone.
- Formation of Bullish hammer at the bottom Sopprt, shows nice bullishness.
- Nice RSI return from oversold zone to bullish zone.
- Price > 13 EMA.
- Bullish Divergence.
Verdict:
Bullish
Plan of action:
Buy : 1.05844
SL: 1.04608
Target 1: 1.07668
Target 2: 1.09896
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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.
Related publications
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.