🔸speculative buy/hold setup for EURUSD bulls, noteworthy compression in progress. this is an overview of the 16 hour chart for EURUSD. sequence of higher lows. coming from a strong prior bullish impulse, uptrend is still intact.
🔸Heavy overhead resistance near 1050/1075 will provide pullback short-term however overall outlook remains bullish and I recommend to focus on buying dips after pullback.
🔸Recommended strategy bulls: wait for a pullback and scoop up / reload on buy side near 0840/0860 stop loss near previous higher low at 0740 TP1 +200 pips TP2 +350 pips final TP bulls / exit entire position at 1250.
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