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T3-Consultancy

EURUSD H1: Bullish outlook seen, further upside above 1.0650

Long
Euro / U.S. Dollar (FOREXCOM:EURUSD)  
T3-Consultancy  
FOREXCOM:EURUSD   Euro / U.S. Dollar
Trend Analysis Harmonic Patterns Chart Patterns DJ FXCM Index EURUSD eurusdlong eurusdbullish Forex forexsignals forextrading
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trendanalysis harmonicpatterns chartpattern usdollar eurusd eurusdlong eurusdbullish forex forexsignals forextrading
On the H1 timeframe, prices are showing bullish order flow, with higher lows and higher highs formed. A throwback to the support zone at 1.0650, which coincides with the 38.2% Fibonacci retracement, could present an opportunity to ride the bounce to the support-turned-resistance zone at 1.0720. Prices are holding above the Ichimoku cloud and 50 EMA as well, while ADX is indicating a strong trend and MACD is showing bullish momentum, supporting the bullish bias.
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