Analysing EUR/USD Up Trend

EUR/USD weekly time frame still in a strong bullish trend. The markets have pulled price into it’s 50% correction.

Moving down to the daily time frame, we can see the rejection of our 50% key levels and a brake higher, ending the last day of the previous week price action as an engulf candle, now trading higher.

the momentum on the H4 time frame has ended which is usually a good sign for a reversal on the daily time frame and a continual in the weekly.

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