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T3-Consultancy

EURUSD H1: Bullish outlook seen, further upside above 1.0780

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
Prices have broken past a key support zone at 1.0880 on the H1 timeframe. A throwback to this support zone, which is in line with the 38.2% Fibonacci retracement, could provide the opportunity to play the bounce to the resistance zone at 1.0900, which coincides with the 50% Fibonacci extension. Prices are holding above the 20 EMA, and MACD is showing bullish momentum while ADX is above 25, supporting our bullish bias.
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