Rmen

EURUSD near support

Long
FX:EURUSD   Euro / U.S. Dollar

I still have a medium-term Long bias on EURUSD.
Last Sep 2019, the pair hit the low 1.0880 making Higher-Highs and Higher-Lows since.
In an uptrend till the very end of the year 2019, the pair made ascending 3 wave swings followed by a deep correction down (still in progress).
The last defense line for heavy buyers to enter into the game seems to be the monthly M1 seen in 1.0930-50.
At least this level must be closely monitored.
In case the pair shows Higher-Highs and Higher-Lows in lower timeframes like H1 and M15, then one may consider taking the very begging of an uptrend swing that will last probably until Jun 2020 before a major correction down. Or maybe this would be the beginning of a long term swing down.
Anyway, as the classic goes: Buy deeps, Sell highs.

Good Luck Traders.
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