EURUSD - Price breaks upwards of CZ

PAIR IN FOCUS: EURUSD
ACTION: LONG
HORIZON: SHORT TO MEDIUM-TERM

On the Daily time frame, we can see that price was broken upwards of the CZ and could continue higher. On the H1 time frame, there is bearish RSI divergence, which signals an incoming price correction. Expecting price to correct downwards towards the CZ. From there, it is important to observe the price action. If there is bullish rejection off the CZ, we can look for LONG opportunities. Should price melt straight through the CZ, we can look for SHORT opportunities.

The TP levels are indicated on the chart. Remember to manage your risk!

Feel free to discuss and comment, Cheers!

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