EURUSD
0
Currency pair: EURUSD-cd
Reason:
The MACD on the short and medium timeframes continues to rise, and RSI is around 60, indicating strong buying pressure. The price is approaching the +2σ level of the Bollinger Bands, suggesting very favorable short-term momentum. Although there is residual bearish pressure on the long-term chart, RSI has recovered to 48.9, and the Bollinger Bands are transitioning from contraction to expansion. Prioritizing short- and mid-term trend following, the probability of a continued rise is estimated at 75%. Targeting a recent high and entering with a Bollinger Band walk backdrop.
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