The EURUSD uptrend is going start soon,we can see the daily EMA is already cross over to moving up partern ,it meaning that the new uptrend is going start.
Also the price drop to below black+red line EMA yesterday and then we can see the price cannot break out the EMA .So it is the 'Fake' drop for yesterday,actually the price is going start the uptrend, this patern we call it Lure.
The reason making Long for EU:
1. EMA is going cross over and moving up,the new uptrend going start
2.The price nearly the strong volume support place and uptrend support place.
3.It happen the fake drop at yesterday,have come out with Lure selling pattern.
4.Volume of buying is higher.
Also the price drop to below black+red line EMA yesterday and then we can see the price cannot break out the EMA .So it is the 'Fake' drop for yesterday,actually the price is going start the uptrend, this patern we call it Lure.
The reason making Long for EU:
1. EMA is going cross over and moving up,the new uptrend going start
2.The price nearly the strong volume support place and uptrend support place.
3.It happen the fake drop at yesterday,have come out with Lure selling pattern.
4.Volume of buying is higher.