Following on from my successful analysis last week ( EURUSD short) , I think it is time to anticipate a BUY opportunity this pair.
The Pair is currently reaching the bottom linear level as well as reaching a zone which can also be used as a support. Within the 4HR time frame, the pair is considerably low on RSI . There is further confluence as a double bottom formation can also be identified which can possibly lead to a bullish movement.
I believe that the pair would move slightly down for the next few hours or even for a day which would then be followed up by a Bullish movement.
In terms of entry, I believe anticipation of a Bullish Indication within the 4HR time frame would be ideal for a possible SWING trade.
The Pair is currently reaching the bottom linear level as well as reaching a zone which can also be used as a support. Within the 4HR time frame, the pair is considerably low on RSI . There is further confluence as a double bottom formation can also be identified which can possibly lead to a bullish movement.
I believe that the pair would move slightly down for the next few hours or even for a day which would then be followed up by a Bullish movement.
In terms of entry, I believe anticipation of a Bullish Indication within the 4HR time frame would be ideal for a possible SWING trade.