EUR/USD - 1H - Breakout

EUR/USD was in a bearish trend. The price action has just broken out of the Falling Resistance after bouncing from an important Support Zone. The Bullish Bias is based on the following confluence:

  • Falling Resistance broken
  • Bounce from Support Zone
  • Bullish Divergence on RSI
  • Bullish Engulfing candle on LH


Expecting bulls to take charge and push prices higher.
breakoutCandlestick AnalysisDivergenceEURUSDForexRelative Strength Index (RSI)Support and ResistanceTrend Lines

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