EUR/USD: levels to watch
As highlighted in our previous posts, the pair is in a bullish momentum.
Daily shows that the trendline has been broken to the upside last Friday. Prices closed above daily KS.
H4 shows that the last hours of Friday’s session closed with a big bearish candle just below TS. In order to confirm a bullish continuation they must not closed below H4 KS @ 1.08947.
The extension of H4 SSB @ 1.09311 will be a level to watch to enter a buy position. This should be also validated by LS which must cross this level as well. Price targets are indicated above. Stop below 1.08900.