EURUSD has printed a bullish trend with the formation of higher high and higher low. With this, the market has broken out from the resistance level and is now testing the support at the price of 1.0750. This will be our entry point at the support level. We are anticipating an impulse from this support level towards the resistance level.

The ascending trendline needs to be retested at the support level. This support level once tested and rejected by the market, we will have a confluence to play the long position.

EMA 50 is bullish with a steep curve upwards. This indicates a speacial case issue for the market to continue moving up with the impulse wave.

RSI is at 59. It needs to be neutralized at the level of 50. From this level onwards, market can confluence with other major technical factors.

Still awaiting on EURUSD

Mar 24 2023