EURUSD Thesis
- Weekly: Price closed as a huge bullish engulfing candle engulfing a huge number of weeks & closing above 1.1300 psychological level.
- Daily: Daily break above 1.1300 major level & break of counter trendline signalling a change of momentum from bearish to bullish. Next possible target 1.1450.
- 1hr: Price currently in a micro trend forming higher highs & higher lows. New highs could form after 3rd touch of trendline + 0.5 fibonacci level.
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