EURUSD: Some upside left on the 1D Channel Down.

25 בפבר׳ 2019

The pair has shown considerable strength since the 1.1235 bottom and as expected (https://www.tradingview.com/chart/EURUSD/EB3oYau9-EURUSD-Buy-set-up/) rebounded since the 1D Channel Down made its Lower Low (RSI = 48.749, Highs/Lows = 0.0000). The price is currently trading within a 4H Channel Up (RSI = 55.931) having completed its own Higher Low (Highs/Lows @ 0.0000) and its Higher High is limited to 1.1400 - 1.14200. The 1D Channel Down Lower High has a maximum technical extension to 1.14400. Based on all this we remain bullish but revise our target downwards, TP = 1.14000.


See our previous study on calling the 1.1235 bottom below:

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