EUR/USD Finds Support

EUR/USD Finds Support

EUR/USD bounced on the 4-hour chart, which can be the first signal for a completed wave 5), but to confirm the low, we need to see a rally back above 1.1300 level, otherwise wave 5) could be still in progress that can retest 1.11 - 1.10 area.

Technically, EUR/USD formed a morning star candlestick pattern with RSI bullish divergence on the daily chart means the pair has found support. Any daily closing below the 1.1121 level invalidates this morning star pattern.



Tags