Verdict:
Bullish

Plan of action:
Buy : 1.05844
SL: 1.04608
Target 1: 1.07668
Target 2: 1.09896

EURUSD is a Forex instrument; by looking at the chart, we can say it has taken support from the nice support ZONE. This time BUY setup is Risk:Reward :: 1:3.5.
I am asumming it to go higher now.
Reason:

  1. it has taken support from very nice support zone.
  2. Formation of Bullish hammer at the bottom Sopprt, shows nice bullishness.
  3. Nice RSI return from oversold zone to bullish zone.
  4. Price > 13 EMA.
  5. Bullish Divergence.

*****Disclaimer:*****

The information provided in this blog post is for informational purposes only. It is not intended as financial, investment, or trading advice. The author is not a licensed financial advisor or professional.

Trading and investing in financial markets carry inherent risks, and past performance is not indicative of future results. Readers should conduct their research, consider their risk tolerance, and consult with a qualified financial advisor before making any trading or investment decisions.

The author is not responsible for any financial losses or gains that may result from actions taken based on the information presented in this blog post. All trading and investment decisions are made at the reader’s own discretion and risk.

Leave a Reply

Your email address will not be published. Required fields are marked *