Verdict:
Partially Bullish in Rising Wedge

Plan of Action: Buy when it takes support to downside.

as per the previous analysis EURUSD took support from the 1-D TF but right now it’s trading on 200 EMA Resistance level.
EURUSD moving in the Rising Wedge unless it breaks to upside it is supposed to move inside the rising wedge.
Reason:

  1. 200 EMA Resistance upside.
  2. RSI is 40-60 Range Seems Sideways.
  3. 4H TF downside seems to provide a good support zone.
  4. Price > EMA(13,50,200) 4H-TH
  5. Moving in Rising Wedge

 

*****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.

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