EURUSD BUY

EURUSD

Looking at the monthly time frame EURUSD is in a steady downtrend. Price created range between 1.24000 and 1.078566, before falling beneath it to create a lower low. We've been consolidating in this retest zone since Jan 23, this could be a big moment for EURUSD.

If price breaks above the 50 EMA on the monthly, there is a good chance that we'll see a bull run towards 200 ema.