EUR USD Long Break of the 50 EMA, bounce of the pivot point, stron bullish engulfing. MACD crossing over the 0 line Trade with care - upcoming brexit likely to play a strong part in the volatility on this pair TP1 at R2 and TP2 below R3 but still requiring price to make a higher high. 0.5% on each TP 1:2 risk reward
The EURUSD seems to have hit the bottom of the fibb / trendline and tested. (bar closed near the bottom) Still waiting for confirmation (probably tomorrow), to see the price go further upwards. I will put in a buy order with a small s/l lets see what happens!
looking for price to push upward further, since it made it's down to the trend line, pssed it then closed above it. Shows that this may be the new support.
This could be EURJPY H4 breakout out of Feb downtrend formation
Returning on 1,0840-1,0810 Lows area before a LONG acceleration to 1,0980 target (Highs area)
As long as the EURO remains elevated and pressure is on the GBP I see no reason why the technical breakout of 7500 resistance won't continue up to the next area of confluence I will be placing stops below the last swing low. learn to trade like a pro bankonadam.com