EURUSD: Triangle targeting 1.07800. Levels to trade outside of i

٨ يونيو ٢٠٢٣

EURUSD crossed today over the 4H MA100 for the first time since May 10th and with the 4H time frame heavily bullish technically (RSI = 61.681, MACD = 0.000, ADX = 28.340), we expect a test of the Ascending Triangle's Top, the R1 (TP = 1.07800).

Beyond that, we will only buy above R2 and traget R3 (TP = 1.08315) and on HL (the bottom of the Ascending Triangle). If the price breaks under it, it is possible to have a new Lower Low and will sell targeting the S1 (TP = 1.06350) and make a long term buy entry at 1.06000.

Prior idea:

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