EU, to 1.145

8 Tem 2019

A new higher low has been formed on EU, something we haven't seen since the beginning of January of this year. Looking at the weekly, we can see a concerning evening star, however, I believe that it was a retest of a weekly level, 1.12150. Looking at the daily, it seems HLs are forming. The reason for my bullish bias is 3 taps of the trend line, retest of the weekly level, Fib, and S/R area. Even if the trade goes against me, it is a great RW.