EURUSD: Bullish as long as the 4H MA100 holds

The EURUSD pair saw a short term pull back to the 4H MA50 on Friday turning that time frame neutral (RSU = 50.420, MACD = 0.002, ADX = 38.536). As long as the 4H MA100 and the RSI's HL trendline hold, we will remain bullish and target the 1.5 Fibonacci extension and R2 (TP = 1.10350). The long term pattern remains a Channel Up.

We model those levels after the November 15th - 28th fractal which was on a similar RSI HL trendline.


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