A nice BUY opportunity on EURUSD, Price was back and bouncing off a strong support.
This pair has been developing in a descending channel, and breached the upper support trendline. With inverse head and shoulder that can potentially drive price higher, Expecting EURUSD to advance from 1.20600.
And also the overall trend is bullish. We can see price has breached through 4h resistance with pressure, i'd expect a retest and continuation as long price remain above this area
PLAN: BUY above 4HOUR RESISTANCE …. 1st target - 21.500 …. - 2nd target - 1.22700
This pair has been developing in a descending channel, and breached the upper support trendline. With inverse head and shoulder that can potentially drive price higher, Expecting EURUSD to advance from 1.20600.
And also the overall trend is bullish. We can see price has breached through 4h resistance with pressure, i'd expect a retest and continuation as long price remain above this area
PLAN: BUY above 4HOUR RESISTANCE …. 1st target - 21.500 …. - 2nd target - 1.22700