Bearish pins on Daily don't tell the whole story.
4140 is a key level for EU and there is bound to be some selling off it.
EU scraped the bottom of its H4 channel on test, but held.
The top of the Daily Channel has been scraped more.
Bearish expanding pattern in place but need to see some rejection off lower level in order for it to be carried out.
As long EU keeps making higher highs, buyers will keep buying.
Safest bet right now is long to 4031.
*error on H1 chart, should read test area 4031-4081
4140 is a key level for EU and there is bound to be some selling off it.
EU scraped the bottom of its H4 channel on test, but held.
The top of the Daily Channel has been scraped more.
Bearish expanding pattern in place but need to see some rejection off lower level in order for it to be carried out.
As long EU keeps making higher highs, buyers will keep buying.
Safest bet right now is long to 4031.
*error on H1 chart, should read test area 4031-4081