EURUSD PENDING LONG ENTRY

D1 candle closed with huge bullish momentum. By this time H4 looking extreme overbought. So a correction is necessary in this pair. May it will happen. Then it will start rally again towards near resistance of daily chart. Resistance is at 1.0825-1.0850 area. Market setup gives idea of touching this zone. So I make decision to go long from 1.0625-1.0650 area.

It is my opinion only. Trade with proper stop loss and with good money management.

Thanks.

Komentarz:

TP hit.