LONG trade analysis on EURUSD.
Like I said at the last eurusd analysis, graph is looking bullish to at least recent higher high. It made small price drop to lower trendline as I expected. Price currently touches lower trendline of bullish trend, which is now the 3.rd touch of trendline. Chart clearly shows Head & Shoulders pattern, which is the major reason 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.
Like I said at the last eurusd analysis, graph is looking bullish to at least recent higher high. It made small price drop to lower trendline as I expected. Price currently touches lower trendline of bullish trend, which is now the 3.rd touch of trendline. Chart clearly shows Head & Shoulders pattern, which is the major reason 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.
