EURUSD Local S/R| Internal Trend Line| Swing High| Price Action

Evening Traders,

Today’s analysis – EURUSD- trading above Local S/R where a bullish retest is probable,

Points to consider,
- Price Action Impulsive
- Local S/R Support
(.50 Fibonacci & Internal Trend Support)
- Swing High Objective

EURUSD’s immediate price action is impulsive above Local S/R that is in confluence with the .50 Fibonacci and internal trend line, a respect here is probable.

The swing high is current objective, price action exceeding this level will likely increase the probability of continuation.

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,

“Hope is bogus emotion that only costs you money.” – Jim Cramer