EURUSD Potential for Bullish Trend | 5th October 2022

EURUSD is in a strong bullish trend on the H4 chart. In addition, the price is above the Ichimoku cloud , indicating a bullish market. At 0.9907, I'm looking for a buy entry. The stop loss will be at 0.9759, which is the 38.2% Fibonacci line. The take profit point will be at 1.0047, which is where the 78.6% retracement sits.

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Chart PatternsEUREURUSDTechnical IndicatorsTrend AnalysisUSD

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