EURUSD on the 1 year Support!
EURUSD hit today the Rising Support trend line that is in effect for 1 full year.
The 1day RSI is vastly oversold, which was the case both on the April 16th 2024 and October 3rd 2023 contacts with the Rising Support.
The last bottom rebounded to the 0.618 Fib before pulling back again.
This is a standard low risk bullish signal. Buy and target 1.10250 (Fib 0.618).
Previous chart:
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The 1day RSI is vastly oversold, which was the case both on the April 16th 2024 and October 3rd 2023 contacts with the Rising Support.
The last bottom rebounded to the 0.618 Fib before pulling back again.
This is a standard low risk bullish signal. Buy and target 1.10250 (Fib 0.618).
Previous chart:
Follow us, like the idea and leave a comment below!!
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