EUR/USD Long-Term Trend: Bullish
Key Resistance Levels: 1.1878, 1.1895, 1.1900
Key Support Levels: 1.1848, 1.1801, 1.1785
The price on the higher time frame posted an engulfing bullish pattern near the strong support around the 1.1801 USD mark. This led to a reversal and to a move upward which shows that the buyers are overwhelming the sellers and we might see the price rallying soon.
EUR/USD Medium-Term Trend: Bullish
On the lower time frame, the price managed to break the bullish flag to the upside while the pair is traded inside a bearish channel formation. A lower correction is expected toward the highlighted zone before a move upward as a impulsive wave.
Buy Limit Order @ 1.1848
TP 1 @ 1.1878
TP 2 @ 1.1895
Stop Loss @ 1.1837
Trade Safely 🙂