EURUSD 4-hour Chart analysis; uptrend likely to continue
EURUSD is trading above the key moving average on the 4H chart, which indicates that the uptrend is intact. The recent pullback is probably a correction rather than a reversal.
As long as price stays above the support area that I have highlighted in my chart, the uptrend is likely to continue.
I will be looking at buy entries between 1.1700-1.1740 support area with SL below 1.1680 and TP at 1.19
As long as price stays above the support area that I have highlighted in my chart, the uptrend is likely to continue.
I will be looking at buy entries between 1.1700-1.1740 support area with SL below 1.1680 and TP at 1.19
Trade active:
Bought at 1.1727 as per plan