Last week the cash rate caused the USD to lose some of it’s value and I think we have also all the technical reasons to see the EURUSD continue higher. I’m following the up trend line seen on the Daily chart. I think every drop near it will be a buy opportunity while the price is trading above 1.07. Here is the plan:
Technical Overview:
W1 – 20 candles ride on the Bollinger Bands, continuing divergence
D1 – potential Up wave duplication
Entry:
H1 – Look for double wave drop down near the up trend line preferably with hidden bullish divergence to be formed.
Video Explanation
Yours,
Vladimir
