EURUSD is trading inside a Bullish Megaphone. Having formed the first Golden Cross (1h) since August 30th, we have a strong bullish case for the short term but at the same time two clear Resistance levels.
Trading Plan: 1. Buy on the current market price. 2. If it pulls back after a Resistance (1) test, buy on the MA200 (1h).
Targets: 1. 1.06175 (Resistance 1). 2. 1.06650 (MA200 4h and under Resistance 2).
Tips: 1. The MACD (1h) has formed a Bullish Cross under the neutral 0 level.
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