What I hope now is that from the analysis available to me. The EURUSD pair is heading up for the moment.
Number one reason to this fact is that prices in the daily chart had broken outside, upwards the support of an expanding resistance triangle and the RSI here is trading above 50. If this single reason works out, buy EURUSD and aim for immediate support at 1.3000
My second reason for this fact is that prices in the weekly chart seems to be forming a double bottom and the price is now heading up from the region of the double bottom in the weekly chart. If this is so, buy EURUSD from the weekly chart and aim for immediate support at 1.4000. If this is taken out, another support to expect here is the 1.6000
The third reason for believing in a bulluish EURUSD is that the monthly chart is indicating a bullish divergence and this means that prices are supposed to be bullish/going up for the whole of this month. And then, the RSI in the 4 hour chart is trading above 50. Thus, aim for buy opportunities for this pair.
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