As I said, the trend is CHOCC at Day Chart, close above the upper BB band
This is the reversal Pullback to 61.8% Level of HTF
Just find opt to buy deep and wait for it hit the target at 61.8%-70% Fib Level
EURUSD need to go back up to fill the fvg above in order to go back down,# Analysis of Current EUR/USD Trend and Investment Strategy
## Key Points
– **Current Trend Observation**: The EUR/USD pair is demonstrating a bullish trend on the daily chart, identified as a CHOCC (Change of Character) pattern, with a close above the upper Bollinger Band.
– **Technical Levels**: The market is experiencing a pullback to the 61.8% Fibonacci retracement level on the higher time frame (HTF), suggesting a potential opportunity for reversal.
– **Buying Strategy**: Investors are advised to consider buying opportunities during deep pullbacks and to maintain a long position in anticipation of reaching the target between the 61.8% to 70% Fibonacci levels.
– **Future Expectation**: For the EUR/USD to resume a downward trend, it is crucial for the price to rise and fill the fair value gap (FVG) above before turning down again.
### Hot Take
The current bullish sentiment in the EUR/USD illustrates a key point in technical analysis—the importance of Fibonacci levels and Bollinger Bands in guiding investment decisions. If the market can successfully retest and hold above the 61.8% retracement, it could pave the way for a rewarding trade as it targets higher Fibonacci levels. However, traders should remain vigilant for potential resistance as the pair approaches these levels. Timing will be crucial, as the market’s volatility necessitates a well-calibrated entry strategy.
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