Hi Traders. EURUSD has previously formed a Double-Bottom around 1.04.
Does it confirmed a long-term Bullish reversal? I'd say we'll have to wait for more confirmation.
But on the 1h chart, you can clearly see that price is forming some squeezes.
To confirm the mid to long-term Bull run, I'll prefer to wait for a break above 1.06. Once we see a clear upwards breakout at 1.06, then it's much easier for us to frame out buy entries.
If you enjoy the content, make sure you follow my profile and click the like button.
Take care and trade safe.
All the content I've posted are for educational purposes, please perform your own research and only take it as a reference.
Does it confirmed a long-term Bullish reversal? I'd say we'll have to wait for more confirmation.
But on the 1h chart, you can clearly see that price is forming some squeezes.
To confirm the mid to long-term Bull run, I'll prefer to wait for a break above 1.06. Once we see a clear upwards breakout at 1.06, then it's much easier for us to frame out buy entries.
If you enjoy the content, make sure you follow my profile and click the like button.
Take care and trade safe.
All the content I've posted are for educational purposes, please perform your own research and only take it as a reference.
