EURUSD We caught the macro bottom again. New rally started.

The EURUSD pair rebounded exactly on the 1D MA100 (green trend-line) as outlined on our analysis a week ago, having already hit our first short-term target of 1.06800:

A comparison with the last long-term rally of similar structure, from April 2020 to January 2021, shows that we just completed the 1D MA100 pull-back. If the price breaks above the 1D MA50 (blue trend-line) and holds it as a Support upon re-testing, it can extend the rally to at least the -0.236 Fibonacci extension. This is at 1.13750 and is our long-term target. Notice also not just the fact that in both fractals the 0.382 Fib supported, but also the striking symmetrical similarities between their RSI and MACD indicators.

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