Long

EURUSD: Hit the 4H MA100 and is rebounding.

EURUSD is trading inside a Channel Up that is holding for more than 1 month. The neutral 1D technicals (RSI = 55.804, MACD = 0.006, ADX = 27.998) indicate that this is the ideal short term buy entry. The 4H RSI also shows that yesterday's Low may be the same as April 10th. As long as the price is closing inside the Channel Up, we remain long, targeting the 1.618 Fibonacci (TP = 1.11750). A closing under the Channel targets first S1 and the 4H MA200 (TP = 1.09100) and if extended then S2 and the 1D MA50 (T{ = 1.08330).

Prior idea:

EURUSD: Bullish as long as the 4H MA100 holds

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