EURUSD Bottom formation and bullish reversal in progress.
EURUSD capitalized on the 4hour Rising Support that flashed a Bullish Divergence, while the price was still declining.
The Lower Lows eventually have now turned into Higher Lows and potentially a Channel Up.
Since the May 31st Low, the Support has been holding so now is a low risk level to buy and target the bottom of Resistance Zone B at 1.08100.
Previous chart:
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The Lower Lows eventually have now turned into Higher Lows and potentially a Channel Up.
Since the May 31st Low, the Support has been holding so now is a low risk level to buy and target the bottom of Resistance Zone B at 1.08100.
Previous chart:
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