In yesterday's analysis, I discussed about the long opportunity if price has a major pullback towards 1.2270 key support zone for further bullish continuation setup, which was exactly what the market performed. EU is currently in an uptrend with clear higher highs & respecting the channel formation. However, Do pay attention to the previous day high (1.2345), if price again rejects off the zone we could expect some rotation back to 1.2310 or 1.2270 zones, as buyers failed to create new high the second time. As long as the uptrend is still intact, we will remain bullish bias until the market show us otherwise. If price breaks above 1.2345 zone, the initial target will be around 1.24.
Trade safe.
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Trade safe.
Do follow my profile for daily fx forecast & educational content.
Check out my new post on 'Why should you avoid news scalping' in my profile if you're interested.
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