Long EUR / USD
As you can see, on Weekly chart there is a double top pattern.
On weekly TF we have three reasons to think that EUR/USD will be on a bullish trend
First reason on a general bullish trend according to 100 MA
Second reason is based on fibbs lines, the 0.328 point that also is sustained by the round number of the price 1.1700, i suggest you to read the psychological levels of round numbers.
Third reason is based of classic S/R and now the EUR/USD tested the Support for the second time.
I advise you to use personal money management.
For any advises includig additional TP/SL, please DM
As you can see, on Weekly chart there is a double top pattern.
On weekly TF we have three reasons to think that EUR/USD will be on a bullish trend
First reason on a general bullish trend according to 100 MA
Second reason is based on fibbs lines, the 0.328 point that also is sustained by the round number of the price 1.1700, i suggest you to read the psychological levels of round numbers.
Third reason is based of classic S/R and now the EUR/USD tested the Support for the second time.
I advise you to use personal money management.
For any advises includig additional TP/SL, please DM