EURUSD NEUTRAL ANALYSIS

2020-01-09 00:28:56

This pair has been on an descending trend in the past weeks, but since october has making higher lows and forming a 4H ascending trend, breaking the first mentioned trend, and right now is testing that line. we will wait to see a daily bullish candle pattern, combined with a third bounce of the new ascending trend line to make more confirmations that the pair is going up. And to enter the trade i would like to see a 1H close above 1.1130 zone, to the first target on the resistance zone (1.1220) and the second target to 1.1340. and setting a stop on 1.1050.


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