EURUSD - Long Set-up

Hi folks,

🔺We are witnessing or about to witness the peak of interest rates by the Fed, but it seems too early to say the same for the EU.

🔺Although EURUSD briefly dipped below the regression trend, it managed to bounce back above it.

🔺A bottom formation has formed on the 4-hour RSI, and as the closing prices go above 50 points, it is expected to gain momentum in an upward direction.

🔺The target of the pattern on the table is 1.1250.

🔺Stop: 1.085

🔺Take profits (TP) are indicated with fib levels.

Bonus Chart: EURUSD 1D Graphs