EURUSD rebounding on the 1D MA50. Key to this trend.

The EURUSD pair is on the second 1D green candle after hitting and closing above the 1D MA50 (blue trend-line). This is an extension of our last week analysis on the 4H time-frame:


Moving up to the 1D time-frame we can see the long-term dynamics more clearly. As long as the price is closing above the 1D MA50, the pair is targeting Resistance 2 at 1.10300. A closing below the 1D MA50, could cause a short-term pull-back towards the 1.05765 Symmetrical Support. If the price manages to close above it, it will be an even better buy opportunity for the long-term, targeting at least 1.12000.

A similar 1D RSI Higher Lows fractal from September 27 to November 03, targeted almost the 2.0 Fibonacci extension. And that is currently at 1.13500.


-------------------------------------------------------------------------------

** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! **

-------------------------------------------------------------------------------

💸💸💸💸💸💸
👇 👇 👇 👇 👇 👇