EURUSD
Looks oversold and taking a long trade... make quick 20-25 pips profit.
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EURUSD
pair remains bullish technically, although the daily consolidation has made technical indicators lose upward momentum. - Nevertheless the price is above a bullish 20 SMA, whilst the 100 SMA advanced to meet the 200 SMA, both around 1.0550 now in 4hr chart.
- A major Fibonacci resistance comes at 1.0710, as the level stands for the 38.2% retracement of the November/January slide with renewed buying interest above it opening doors for an advance towards the 1.0800 region.
- Our indicators pointing to an long entry with short pips
As usual 20-25 pips profit target. Ride with me!
