EURUSD likely reversal
EURUSD is presently in downtrend and printing LHs and LLs. However, a bullish divergence has been noticed on RSI on 1H timeframe along with a falling wedge Bullish reversal pattern. Accordingly, an Buy Stop long entry has been marked on chart with suitable SL and TP. Entry shall only be made once previous LH is broken towards the upside.
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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.