Hey guys, hope everyone is doing well.
We can see EU is in a bullish structure, price is currently bearish but that's not for long. I expect price to retrace back to the 0.236 retracement (Level of support)
From there, I expect price to break the resistance line which will now become an area of support. I can see price hitting the .50 & .618 retracement which is where my 21 period MA moves through, and price usually respects those levels.
Our final target is 1.19150 to complete the full uptrend, and then that's where we would want to sell EU.
We can see EU is in a bullish structure, price is currently bearish but that's not for long. I expect price to retrace back to the 0.236 retracement (Level of support)
From there, I expect price to break the resistance line which will now become an area of support. I can see price hitting the .50 & .618 retracement which is where my 21 period MA moves through, and price usually respects those levels.
Our final target is 1.19150 to complete the full uptrend, and then that's where we would want to sell EU.