Short term bullish scenario - Testing weekly support
EURUSD is testing the bottom of a weekly trading range
The price held above the 50 days MA line last Friday and as long as it holds above this line there's a chance it'll bounce towards 1.07, 1.08 or even 1.09!
The final target zone and the potential R/R are shown at the chart.
#Notice - Weekly chart analysis support the opposite way right now (bearish!) so be careful with counter trend trading here. Read more about EURUSD in my weekly newsletter (link in signature below)
The price held above the 50 days MA line last Friday and as long as it holds above this line there's a chance it'll bounce towards 1.07, 1.08 or even 1.09!
The final target zone and the potential R/R are shown at the chart.
#Notice - Weekly chart analysis support the opposite way right now (bearish!) so be careful with counter trend trading here. Read more about EURUSD in my weekly newsletter (link in signature below)