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EURUSD Bullish bounce Back?

Long
Euro / U.S. Dollar (FX:EURUSD)  
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FX:EURUSD   Euro / U.S. Dollar
Trend Analysis Technical Indicators Chart Patterns EURUSD eurusdlong Forex forexsignals Bullish Patterns Bulls Power
12
6
trendanalysis indicator chartpattern eurusd eurusdlong forex forexsignals bullish bullpower
EURUSD is a Forex instrument; by looking at the chart, we can say it has taken support from the nice support ZONE. This time BUY setup is Risk:Reward :: 1:3.5.
I am asumming it to go higher now.
Reason:

  1. it has taken support from very nice support zone.
  2. Formation of Bullish hammer at the bottom Sopprt, shows nice bullishness.
  3. Nice RSI return from oversold zone to bullish zone.
  4. Price > 13 EMA.
  5. Bullish Divergence.
Verdict:
Bullish
Plan of action:

Buy : 1.05844
SL: 1.04608
Target 1: 1.07668
Target 2: 1.09896

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