EURUSD Daily Analysis 1/4/20

EURUSD Long Idea

We recently saw a break in this higher time-frame bearish trend last week and price action is now testing broken resistance (now support) as well as a key fib level

Early next week we will be looking for strong bullish setups in this area to then enter a trade and target higher

We’re looking to target toward our major resistance level and -61.8% fib level around 1.13500