EURUSD is in the bullish trend with the formation of higher highs and higher lows. The continuation seems adament as the market continues course after the Christmas bliss. We will buy at the support level priced at 1.0990 and continue the buys till the next resistance level. 

The ascending trendline is on standby for the retest at the support level. 

At the support level, we also have a confluence of the retracement level of 50% with the support, which will give us a decent push upwards.

EMA 50 is already bullish, therefore, the support level may be able to retest the and confluence with the support level. 

RSI is at 61. It needs to neutralize at the 50 level in order to align with the technical parameters. 

EURUSD buys from 1.0990

Dec 26 2023

Stop Loss -0.27%

Holding time 1hr

1.09862

Entry price

1.09569

Stop loss price