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Euro / U.S. Dollar
Long

EURUSD! BUY

By Geokem
Updated
Price of EURUSD currency pair broke out of the falling wedge pattern and retest it as shown in the chart(Falling wedge is a bullish chart pattern which can either be reversal or continuation pattern, in this case is acting as a reversal chart pattern). The price is also supported by a H4 trend line as shown in the chart. I expect the price to grow up to the indicated area in the chart and beyond since we are still in the uptrend
Note
Price of EURUSD currency pair broke resistance at 1.16838 thus confirming further upside as indicated in the chart.
Note
Price is now ready to trend upwards. On H1 Time frame, the price of EURUSD currency pair has been supported by 50 SMA and a bullish pin bar/hammer has been formed
Trade active
1st target reached
Trade active
almost at 2nd target
Chart PatternsTechnical IndicatorsTrend Analysis
Geokem
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