EURUSD is bullish with the formation of higher highs and higher lows. The previous resistance has broken out for buys and has now turned into a support which will be retested by the market and we will take the long position on it. Another impulse move will mark another bullish leg towards the upper side on the pair.

The market is in an ascending channel. The upper band will retest the market and shoot it down towards the lower band from where, the market may reject and continue its course upwards. 

Retracement level of 50% is in confluence with the support level from where, the market has the potential to continue moving up.

EMA 50 is still bullish and may not retest the price action for the further move up.

RSI is at 75. It needs to neutralize itself at the 50 level mark in order to align with the technical confluence of the prices.

Bullish shots on EURUSD from 1.0885

Nov 20 2023