EURUSD: Will give 2 opportunities to buy. See where it's invalid

The EURUSD pair is approaching the 1D MA50, which has been untouched since March 24th, turning the 1D technicals neutral (RSI = 46.058, MACD = 0.003, ADX = 24.906) for the first time in almost 2 months. This is the first buy entry on our strategy with the second being on the 1D MA100, which held on March 8th and 15th and started a rally all the way to the top of the Channel Up. On both entries, our target will be the top of the pattern again (TP = 1.1100).

This buy approach is negated if 1D closes a candle under the 1D MA100, which didn't happen in March. In that case we will sell and target the bottom of the Channel Up (TP = 1.0600). There hasn't been a closing under the 1D MA100 since November 9th 2022.


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