After the Weekly close above the last prior high, the trend is probably going to be positive on the weekly scale for EURUSD. Also, the RSI and Hashem WaveTrend are Bullish. Targets are shown with Horizontal Lines. (With white 200MA and aqua 89EMA moving averages targets)
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The first Target Reached. ( Horizontal Resistance and EMA 55 )
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If the price tick below the Low of the previous Weekly candle, the Lower High on Weekly is confirmed and the upside targets will have lesser weight as well.
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The previous weekly wick took out so the bullish case is Closed.
Without Risk and Position Management, You WILL Lose Money.
Feragatname
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