Trend going up for EURUSD , possibly to 1.1000. 30M to 1H candles show long term upward trend toward 1.1000 (zoom out on graph), while the near-term 30 minute shows upward channel after solid double bottom rejection and breaking through 200 SMA trendline of support. SL and TP noted. Just my view and I'm currently holding positions on this trade.
Kommentera:
Still holding at close of week, still confident in the trend.
Kommentera:
Be sure to watch this on the 5 - 10 minute candles for the first half hour - hour of trading on Sunday, that seems to be key here. If the price falls below the ascending channel line of support, rises up to meet it, then is rejected, it will likely reverse course and retest the bottom at around 1.077656.