At EUR / USD we see an increasing bullish trend, which predisposes us to a good opportunity to enter a long position.
On the 4h chart we have already broken down the trend line and the horizontal key level on 1.095, coinciding with Fib 0.382.
The 50/200 MAs are also close to the price, which means that they are likely to play a support role, and DeMarker is in the over-bought downward zone indicating that the price will retrace and retest already broken resistances.
Watch the price action carefully after the correction. We are awaiting confirmation of the support area with a pinbar or engulfing bullish bar. This could be a good opportunity to enter LONG.
Stop moose can be placed around 1,092 below the already confirmed support area.
Trader Georgi Bozhidarov