EURUSD - Long Set-up
Hi folks,
🔺We are witnessing or about to witness the peak of interest rates by the Fed, but it seems too early to say the same for the EU.
🔺Although EURUSD briefly dipped below the regression trend, it managed to bounce back above it.
🔺A bottom formation has formed on the 4-hour RSI, and as the closing prices go above 50 points, it is expected to gain momentum in an upward direction.
🔺The target of the pattern on the table is 1.1250.
🔺Stop: 1.085
🔺Take profits (TP) are indicated with fib levels.
Bonus Chart: EURUSD 1D Graphs
🔺We are witnessing or about to witness the peak of interest rates by the Fed, but it seems too early to say the same for the EU.
🔺Although EURUSD briefly dipped below the regression trend, it managed to bounce back above it.
🔺A bottom formation has formed on the 4-hour RSI, and as the closing prices go above 50 points, it is expected to gain momentum in an upward direction.
🔺The target of the pattern on the table is 1.1250.
🔺Stop: 1.085
🔺Take profits (TP) are indicated with fib levels.
Bonus Chart: EURUSD 1D Graphs
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