EURUSD appears to have completed a 5 wave downtrend with Mar. 9 (8 am) representing the low of that movement. Since then, the EURUSD has drifted higher, with the result that the 50MA is now angling upwards. This signals a change in the trend to up on the hourly chart. Improving momentum, as seen on the MACD line, also bodes well for a move higher on EURUSD.
I'll be looking for long opportunities on pullbacks.
I'll be looking for long opportunities on pullbacks.
