EURUSD: New Channel Up emerging. Buy and target the Resistances.

28 ביוני 2023

EURUSD broke again over the 4H MA50 after closing over the 1D MA50 and keeping the 4H MA100 intact. The 1D time frame is on excellent bullish technicals (RSI = 60.189, MACD = 0.003, ADX = 30.775) while the 4H MACD formed a Bullish Cross.

We see the potential for the emergence of a Channel Up and every Higher High matches the upper Resistance levels. We are buying every pull back inside the Channel with the end target at the top of the multi month Channel Up (TP = 1.11500).

Prior idea:

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