EURUSD Nice dip to buy and target the 4hour MA50.
EURUSD is extending the Channel Down pattern. It has been doing nothing short of declining since the July 18th High.
Based on a 4hour RSI sequence of Cup and Handles, today's decline will price a Lower Low for the Channel Down towards the 1.382 Fibonacci extension.
That will be your buy opportunity to target the 4hour MA50 at 1.05500.
Previous chart:
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Based on a 4hour RSI sequence of Cup and Handles, today's decline will price a Lower Low for the Channel Down towards the 1.382 Fibonacci extension.
That will be your buy opportunity to target the 4hour MA50 at 1.05500.
Previous chart:
Follow us, like the idea and leave a comment below!!
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