EURUSD is ranging between two levels of support resistance. The support level is at 1.0690. From here,we are looking to go long for 100 pips. The trend remains bearish as of now as the structure is still higher high and higher low. Another tap at the support level, double bottom will be formed. 

The descending trendline has broken out for buys and the validation is complete. 

There is no retracement level on this setup.

EMA 50 is still bearish and once we take the buy position, we can book the profits till the EMA 50 retest.

RSI 14 is at 50. It needs to be neutralized at the level of 50, which it is already doing. Once it falls towards the over sold region, the market will align with the technical factors.

EURUSD buys from 1.0690

Sep 12 2023

Stop Loss -0.32%

Holding time 0hr

1.06915

Entry price

1.06576

Stop loss price