fxtraderkristina

↑ EURUSD, potential BUY if 1.09000 break occurs

Long
FX:EURUSD   Euro / US-Dollar
Next week could present an excellent buying opportunity, as the currency pair is nearing its best weekly finish since August. The presence of a long lower shadow over the last four hours suggests a growing bullish sentiment, rejecting of the 20-period moving average. At the moment the price is in a tug-of-war between buyers and sellers, with neither side gaining a clear advantage just yet. For those looking to take a long position, the key is patience: wait for a clear move above the 1.0900 level, which would signal a strong likelihood of continued upward movement.

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