EURUSD is with the bulls at the moment.
https://www.tradingview.com/x/g1DzH15x/
I bought in Long as I could see it turning about 60 hours ago even despite a rallying USD as it looked overextended.
This daily chart is strong and all its timeframes are similar. The only little hurdle is some resistance it is just below.
But I think it will blow through some smoke and mirrors and shoot higher.
Note
That's a very supportive Double bottom on the Daily. Often before it gets to the neckline there are a few pullbacks with these DB's.
So one way to buy into this is on a pullback which might occur as I understand the resistance is a sell order block.
If it becomes another trade for me to take IWA. I will advise.
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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.