EURUSD has started the 2nd part of the bullish leg.

Panjang

Euro / Dolar A.S. (FX_IDC:EURUSD)

FX_IDC:EURUSD Euro / Dolar A.S.

trendanalysis chartpattern indicator eurusd forex eur usd euro usdollar forextrading eurusdtrading

EURUSD is trading inside a 6 month Channel Up.
The recent rebound on the MA50 (1d) has confirmed the start of the 2nd part of the bullish leg that started at the bottom of the Channel Up on May 31st.
This is in similar fashion as the March 24th rebound.

Trading Plan:
1. Buy on the current market price.

Targets:
1. 1.11400 (top of the Channel Up on the 1.382 Fibonacci extension).

Tips:
1. The RSI (1d) rebounded on its MA line, again same as the March 24th rebound. A sideways RSI trade, will continue to further confirm the similarities of the two bullish sequences and validate our target.

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Notes:
Past trading plan:

EURUSD can start a short term pullback now.

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