Weekly: Bullish Trend
Daily: Bullish Trend
4HR: Bullish Trend
After bouncing off the Bullish trend line on the Daily Support region, my bias is that the pair will rise towards the recent 4 Hour Resistance region then come down to retest the 4 Hour Bullish trendline once more before breaking above the 4 hour resistance. Once 4 Hour reistance is broken, I expect a retest at the resistance-turned-support region before surging upwards to continue it's bullish trend. With the ECB's Monetary policy statement set to be released today, which is expected to be moderate, I see the pair surging stronger.
My entry point will be 1.69750. Confirm my bias with your analysis and trade carefuly.
Daily: Bullish Trend
4HR: Bullish Trend
After bouncing off the Bullish trend line on the Daily Support region, my bias is that the pair will rise towards the recent 4 Hour Resistance region then come down to retest the 4 Hour Bullish trendline once more before breaking above the 4 hour resistance. Once 4 Hour reistance is broken, I expect a retest at the resistance-turned-support region before surging upwards to continue it's bullish trend. With the ECB's Monetary policy statement set to be released today, which is expected to be moderate, I see the pair surging stronger.
My entry point will be 1.69750. Confirm my bias with your analysis and trade carefuly.