EURUSD: Buy signal on emerging MACD Bullish Cross.

EURUSD held this week the Channel Up pattern of March and remains on bullish technicals across the 1D timeframe (RSI = 60.701, MACD = 0.006, ADX = 39.732). As long as S1 holds, we expect a break of R1 and a new Higher High for the Channel Up on the 1.618 Fibonacci (TP = 1.11800). If however S1 breaks, we will switch to selling and target S2 and the 1D MA50 near S3 (TP = 1.08500).

Prior idea:


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