EURUSD Aggressive bullish break out

EURUSD is having a highly aggressive bullish break out as not only did it cross over the 3 week Channel Down pattern but also the 4H MA50 which has been unbroken since May 8th. The 4H technicals are healthy bullish (RSI = 58.132, MACD = -0.001, ADX = 39.347) and if the current 4H candle closes over the R1, we will extend our buying and target the R2 and 1D MA100 (TP = 1.08015).

Every pull back after that will be a buy opportunity, we will use the R1 as entry and lastly the 4H MA50 and target next the R3 (TP = 1.08315) where the price will also face Resistance by the 4H MA200.

Prior idea:


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