Following positive news on consumer and industrial confidence , service sentiment and business climate gives us positive outlook on eurozone.
Technical analysis confirmations
1-Daily and 1H MA match
2-Price rejecting Daily MA21
3-RSI 6 divergence
4-Price formed strong pin bar at significant previous low on 4H chart.
5-Good risk-reward 2:1
Indecision around support on both weekly and daily, showing bears have potentially run out of steam
Break above yesterdays candle will trigger a long
Target will be previous support
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