EURUSD Analysis BULLISH Trend (4H-TF)

7 באוק׳ 2023

EURUSD is a Forex instrument; by looking at the chart, we can see that EURUSD has been in consolidation mode for more than 40 day. It seems it will be going in bullish trend in upcoming week. trade might take 10-15 days to achive the target.
Reason:

1. Bullish Enugelfing candle from Strong Support level.
   
2. Taking support at support zone of 1-D timeFrame.
   
3. Very heavy volume takeover by bulls from fakeout to inside Zone.
   

Verdict:
Bullish trend seems to start

Plan of action:
Buy: 1.05968
SL: 1.05140
Target: 1.09893