Ok guys, lets take a looksee at EU ready for this weeks trading. On the daily we are in a downtrend below all the MA but the last candle ended up being bullish, possible bounce off the trendline support and could be a reversal. Lets switch to H4 and see what story shows there. We have a descending channel with price close over the 21.MACD bars are green and above the zero line. My anticipation for this pair is a retest of the 21 before moving up toward the 89 or it could keep going up to test the upper trendline of the channel. Another option could be a pull back down past the 21 before a trip to the 89. Jonnypips would call this a A wave correction moving to B wave back across the 21 and then C wave up to the 89. Still learning.
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