LONG trade analysis on EURUSD.
Graph is looking bullish to at least recent higher high. Chart clearly shows Head & Shoulders pattern, which is the major reason for bullish continuation. Price is currently located at resistance area as well.
So overall this is long trade idea, but price might drop a bit to lower trendline and make correction for bullish continuation. Trade idea is also shown on RSI indicator.
If you liked this idea or if you have your own opinion about it, feel free to write in the comments.
Graph is looking bullish to at least recent higher high. Chart clearly shows Head & Shoulders pattern, which is the major reason for bullish continuation. Price is currently located at resistance area as well.
So overall this is long trade idea, but price might drop a bit to lower trendline and make correction for bullish continuation. Trade idea is also shown on RSI indicator.
If you liked this idea or if you have your own opinion about it, feel free to write in the comments.
