EURUSD has been in a bearish trend on the lower time frames but on the higher time frames, its still bullish. The market is marking at the order block from where the prices can move up at the price of 1.0790. The swing point is really steep and the market can continue moving up towards the previous high.

The descending trendline is still far from the current market price and once the breakout is induced, the market can continue moving up after the breakout buy.

EMA 50 is still bearish and once the market starts to bounce from the EMA 50 towards the bullish side, the market will continue.

RSI is at 35. It needs to dwell towards the over sold region from where the bullish divergence can be formed and the market can continue moving upwards.

EURUSD at a major order block

Jan 29 2024

Stop Loss -0.25%

Holding time 4d3hr

1.07991

Entry price

1.07722

Stop loss price