EURUSD has recently bounced off from the support level. This needs to be bought at the price level of 1.0530. From here onwards, we can continue towards the resistance level from as a profit booking level. Right now, the trend is bullish and the market has formed higher highs and higher lows. That being said, we will continue to buy the pair towards the upside.

The descending trendline might breakout or reject the trendline. We can either wait for the breakout or take profit. 

There is no retracement indication on this setup. 

EMA 50 is bullish and we might see a retest on it for a continuation upwards. 

RSI is at 57. It needs to neutralize at 50 level or even go below towards the over sold region in order to align with the technical factors to continue moving up.

EURUSD buys from 1.0530

Oct 30 2023