EUR/USD

Launch Chart
Vrinda Bhadula
EURUSD
·
Aug 23 2021
snapshot
2
ANALYSIS
A beautiful chart clearly showing a bullish trend. EUR/USD has broken its trendline on 30 min time frame, the pair has taken support from 1.17040 level giving a retest in upward direction. A golden crossover of EMA 50 and EMA 200 is supporting the uptrend with RSI and MACD at 0.0067 and 60.86608 respectively.

POSSIBLE TRADE
Entry can be taken on the current levels for the potential target of 1.17764. It is a great short term long opportunity to grab.

NOTE- This is not a long term trend. The traders should execute trade keeping this in mind. It is a short term reversal patter as of now