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Bullish sentiment on EUR/USD

I sense some bullish sentiment on EUR/USD last week. Honestly, i don’t have any idea where exactly the market will move for this week. Because in long term EUR/USD still on downtrend, but from what the pattern formed it seems there is a great possibility that EUR/USD will continue to rise.

The first signal is the chart start to move above SMA 30, SMA 100 and it temporarily break SMA 200 before it back. The second signal is the chart break out the resistance channel shown in the picture above. And there is a possibility that the chart will form flag pattern. If this currency pair refuse to go down and form a flag pattern, there is a great possibility that the bull is coming soon.

Happy trading all…

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