olly48

EUR/USD Big Rejection From Support

Long
FOREXCOM:EURUSD   Euro / U.S. Dollar
This has made a big move from support. I previously marked this out as a buy area and this strong bounce looks good. Price needs to hold above the support I have marked with the black rectangle. If the daily candle closes above this then its definitely looking good to push higher. EMA's have only just crossed and MACD is just passing 0 so it would be nice to see this keep pushing higher before any retrace. If this all plays out then a long can be entered on a retarce to support. The TP is same as on previous analysis - 1.25529
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