EURUSD Reached short-term Target. Plan ahead.

The 4H oversold buy signal worked well on last week's analysis and EURUSD is now about to test the 1.07150 (short-term) Resistance and target no1:


Now we shift our attention on the more medium-term again as it is best to trade again on pull-backs and break-out levels. A closing above 1.07150 targets the 1.07925 Resistance (2) where another 1D closing would target 1.09400 (April 07, 11 and 21 Highs).

Until then, it is best to enter a buy again at the bottom of this Channel Up (green), where the price can potentially make the first contact with the 1D MA50 (yellow trend-line) since November 04.

On the other hand, this bullish trend shifts only if the price breaks below the 1D MA200 (red trend-line), targeting the Sptember 28 Higher Lows. Notice also the Lower Highs trend-line on the 1D RSI, which offers sold sell entries.



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