EURUSD Local OB| SFP| POC| Swing High

30 ene 2022

Evening Traders,

Today’s analysis – EURUSD- trading at a key support level that needs to hold for a bullish bias,
Points to consider,
- Price Action Impulsive
- Local OB Support
- Potential Swing Failure
- Swing High Objective

EURUSD’s immediate price action is trading at a key trade location that has technical confluence with the Local OB and the SFP, allowing for a bullish bias.

The immediate objective is the Swing High, exceeding this level will lead to a trend continuation.

The RSI is overextended; a reversion to its mean is imminent on a bounce back.

Overall, in my opinion, EURUSD is a valid long with defined risk, price action is to be used upon discretion/ management.

Hope this analysis helps,

Thank you for following my work,

And remember,

“A quiet mind is able to hear intuition over fear.”
― Yvan Byeajee