EURUSD has started paving its bullish way towards the upper level of resistance. We are looking to go long at 1.0770. The profit target is higher than the resistance level. The price action is also printing the rejection candles which can start to move up. The market has formed higher highs and higher lows.

The descending trendline has broken out for buys and the market is still awaiting the push up.

There is no retracement level on this setup and it can continue moving up.

EMA 50 is bullish and the market can continue moving up once the resistance is breached.

RSI is at 56. It needs to be neutralized at the 50 level in order to align with the technical factors for the continuation.

Still bullish on EURUSD

Feb 19 2024