EURUSD has been in a bullish momentum and trend, with the formation of higher highs and higher lows. We are looking for another retracement at the support level priced at  1.0950, from where, we will be taking the bullish position for the market for another impulse buys. We are targeting around 100 pips from the buy level.

The descending trendline has been broken out earlier and has induced the breakout buy. This breakout has been validated and has the potential for the continuation.

There is no retracement on this pair as the market has been ranging lately. 

The EMA 50 is bullish and the market may retest at the support level from where it can continue moving up. 

RSI is at 61. It needs to be neutralized at the 50 level, where it will be aligned with the technical factors for the continuation up.

EURUSD buys from 1.0950

Jul 11 2023

Take Profit +0.72%

Holding time 4hr

1.09479

Entry price

1.10265

Take profit price