EURUSD The downside is limited. Start buying.

2023년 5월 31일

EURUSD fulfilled our bearish trend projection and is now near the bottom of the annual Channel Up.
That is a long term buy opportunity regardless other indicators. A cross above the MA50 (4h) validates the trend change to bullish.

Trading Plan:
1. Buy on the next Falling Support Low.

Targets:
1. 1.07400 (Fibonacci 0.618) and 1.0850 (Fibonacci 0.5) inside June.

Tips:
1. The RSI (4h) has started to form a Rising Resistance, same with February's. That was when the pair was near the bottom.

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Notes:
Past trading plan: