EURUSD has been in a ranging market lately with the formation within the range. We are looking to go long on the support level on eurusd at the price of 1.0910. This level will print another bullish impulse leg towards the upper side.

The descending trendline is yet to be tested or broken out for buys in order to validate it.

There is no retracemenet level on this setup.

EMA 50 has just been pierced out of the EMA 50. But the market is standing at the resistance level. It needs to break out from the resistance level. 

RSI is at 49. It needs to hop down towards the over sold region where a bullish divergence can be formed for another bull leg.

EURUSD buys from support

Jan 11 2024

Stop Loss -0.40%

Holding time 21hr

1.09042

Entry price

1.08609

Stop loss price