EURUSD Supported on the 4H MA50. Buy signal.

The EURUSD pair is executing our long-term well as explained on this idea earlier this month:


After correcting the very aggressive rise on the day of the Fed Rate Decision, the price now found Support on the 4H MA50 (blue trend-line). With the price past a 4H Golden Cross and the 4H RSI supported on Higher Lows, this is a low risk buy entry. Our target is 1.10300 (Resistance 4).

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