EURUSD - Top Down Analysis

I wont' spend too much time explaining my thoughts about this pair. The above chart illustrates in a nutshell my expected predicted projection for EURUSD - around 3rd week price to be around 1.03

Now let's take a closer look at some of my thoughts.

Jumping over to the daily.


Reasons to be long include:

• Stochastics Oversold
  
• RSI Above 50
  
• Bullish Channel Breakout
  
• Price Action Above 200 SMA
  

Lastly the weekly

Solid bullish breakout from bearish channel.

== IN SUMMARY ==
My bias has shifted to bullish.