EURUSD We caught the macro bottom again. New rally started.

The EURUSD pair rebounded exactly on the 1D MA100 (green trend-line) as outlined on our analysis a week ago, having already hit our first short-term target of 1.06800:


A comparison with the last long-term rally of similar structure, from April 2020 to January 2021, shows that we just completed the 1D MA100 pull-back. If the price breaks above the 1D MA50 (blue trend-line) and holds it as a Support upon re-testing, it can extend the rally to at least the -0.236 Fibonacci extension. This is at 1.13750 and is our long-term target. Notice also not just the fact that in both fractals the 0.382 Fib supported, but also the striking symmetrical similarities between their RSI and MACD indicators.

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

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

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

💸💸💸💸💸💸
👇 👇 👇 👇 👇 👇