EURUSD Aiming at its 4H MA50. Still bullish.

We are expanding our EURUSD outlook with some additional elements, after last week's trade was perfectly executed:


As you see, the price first pulled-back, hit the 4H MA50 (blue trend-line) and rose back to the top of the green Channel Up again, fulfilling our target.

This time, we are adding a short-term Channel Up (blue) that is again aiming for the 4H MA50. That will be another solid short-term buy opportunity, targeting the top of the Channel Up. Below the bottom of the blue Channel, we expect further selling towards the 4H MA200 (orange trend-line) for the first time since January 06.

As long as the 1D MA50 (yellow trend-line) holds, EURUSD remains a medium-term buy opportunity, eventually aiming at Resistance 3 = 1.09400 which is a triple top (April 07, 11 and 21 2022 Highs). A break below the 1D MA50, restore the bearish trend, and we will target the 1D MA200 (red trend-line).


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