EURUSD Channel Up aims at the higher Resistances.
The EURUSD pair has been trading within a Channel Up pattern since the November 15 High. The price bounced today on the 4H MA50 (blue trend-line) which is encouraging for the upside but the bottom of the Channel is around 1.03650.
A bounce there aims at the 1.06135 Resistance (1) and further break can make a Higher High near the 1.07925 Resistance (2). A break below the Channel, has high probabilities of testing the 1D MA50 (yellow trend-line) with the Support being lower on the September 28 Higher Lows trend-line.
On the 4H time-frame the strongest buy signal is when the RSI enters 38.00 - 30.00.
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A bounce there aims at the 1.06135 Resistance (1) and further break can make a Higher High near the 1.07925 Resistance (2). A break below the Channel, has high probabilities of testing the 1D MA50 (yellow trend-line) with the Support being lower on the September 28 Higher Lows trend-line.
On the 4H time-frame the strongest buy signal is when the RSI enters 38.00 - 30.00.
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** Please LIKE π, SUBSCRIBE β , SHARE π and COMMENT β if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support me, keep the content here free and allow the idea to reach as many people as possible. **
-------------------------------------------------------------------------------
You may also TELL ME πββοΈπββοΈ in the comments section which symbol you want me to analyze next and on which time-frame. The one with the most posts will be published tomorrow! ππ
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