EURUSD is still in a bullish strength with the formation of higher highs and higher lows. The support level priced at 1.0815 is the level from where we will go long and continue the till towards the resistance level. The market has formed the higher highs and higher low pattern, indicating the bullish trend towards the upper side.

The ascending trendline has broken out for sells but the market is still in the range. On the other side, we have a descending trendline which might be tapping at the resistance level with a rejection.

There is no retracement in this scenario as the market has a smaller length.

EMA 50 is still bullish and is anticipated at the retest of the support level, with the confluence.

RSI is at 53. It needs to be neutralized at the 50 level before it continues moving up.

Lets stack EURUSD buys

Mar 01 2024