EurUsd Long Potential for FX:EURUSD by JayyTrades



For this setup im anticipating seeing EurUsd trade slightly lower into the key psychological level of 1.7500. In terms of price action we are seeing a descending wedge pattern that is coupled with very noticeable divergence with our RSI , giving us a sign that price is losing downward momentum and can likely expect to buy to the upside soon. From this level, i would want to see price buy all the way up to 1.2000 which is a major major psychological level for EurUsd . This Long idea is also supported by UsdJpy giving a nice high time frame short opportunity. Will be posting an idea to that soon.



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