EURUSD - High Probability of a big rebound

Based on the chart.. We are still in an uptrend. Until we break that support line, we can still continue to put it on a positive Long position.
I See this as an opportunity for a discount buying of EUR.

Probability rate is also high based on risk and reward as well.

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US Oil Starting to climb up. Giving pressure to USD.

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The price continues to go up above the support line.
Next Update will be an hour for now.

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the rate continues to go up. however we are still looking for volume.
As per checking in the 4 hour chart, Buyers still lead for the past 3-4 hours.
We continue to update if the pair still holds the price.

Kommentar:

I'm now monitoring for the next 4 hours in regards to the volume. If the buyers will continue to buy... this may convince others to come back in and confirm a big rebound above the 50/200 moving average.

Trade ist aktiv:

currently the bears are fighting back however the market continues to respect the 200 moving average in the 4 hour chart. if it continues for the next 2 hours. this may be used as a support to bounce at 1.24 to 1.25 till friday