UsmanFarouk

EURUSD is likely for a bullish reversal

Largo
OANDA:EURUSD   Euro/Dólar estadounidense
EURUSD is presently in downtrend as it has been printing LHs and LLs on 1H timeframe. However a bullish divergence has been observed on RSI on the same timeframe, as marked on the chart. Therefore, it is expected that the trend is likely to reverse now. Furthermore, approx 89% of the market has bullish sentiments on the currency pair as of right now.Accordingly, a long entry has been placed on breakout of previous LH and suitable SL and TP have been placed in view of 1:1 RRR.
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