The EURUSD is waiting for buyers

Will the EurUsd push higher?

If we analyze the longer TF charts, the pair still could try reaching new highs. But for that it must break above 1.2430 and hold there.

If that happens, we can talk about 1.26 and even higher for the pair.

But, we might have even better price buy.

As you can see on the chart below, we have 4H bullish channel. If prices reach the lower band, we will get there a bullish hidden divergence, which should provide us with good opportunity to buy. The protection will be below the support and the trend line. The target should be 1.24 again.

Keep an eye on that

Yours,

Vladimir Ribakov

Following 11+ years of trading experience, trading my own accounts as well as for hedge funds and brokerages, I have decided to fulfill my destiny and to personally mentor Forex and Commodities traders. When I released the “Broker Nightmare” (software that hides trades from brokers) 8 years ago, I found an overwhelming number of frustrated people who genuinely wanted to learn how to trade the Forex market, but instead found themselves scammed and misled. Over the years I have also release other trading systems based on my trading strategies, and met a lot of people on my worldwide Forex seminars. We’ve formed a close Forex community and we meet once or twice a year in various locations in Europe.