We can see EURUSD is now facing a very bullish upward momentum for the past few days. Most of you may wonder if this is a potential bullish breakthrough...... As for now i believe it will take the bullish breakthrough, breaking the 1.1545 resistance and retracing back forming a strong support level for continuous bullish movement all the way to 1.1815 (green arrow). Having said that we have to look at the next few candlestick to reassure this bullish breakthrough. Lets say if consolidation formed before the resistance level, we ought to look for a strong pinbar to determine its further. There may be a false breakout where price level can fall all the way back to 1.0900. As for now, we are confident that it is a BULLISH MOVEMENT. Do buy for this currency pair but be on a look up for possible consolidation in price level.
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