EURUSD – Takes Out Role Reversal Level, ST Bullish | Jun 2
EURUSD – Breaks RRL, ST & MT Bullish (4hr chart)
Surging almost 3 handles on the day, the Euro started an intra-day impulsive bull run around the mid-1.09’s that didn’t stop till just shy of 1.12, taking out the role reversal level at 1.1070. The largest 4hr bar was the last bull bar on the day and I’m guessing many medium term bears had their stops punched (mine included).
For now, this makes the ST (& MT bias IMO) bullish while above 1.1050/70 on a daily closing basis. I’ll be looking for weak pullbacks into support to get long around there targeting 1.1260.
Read my latest article 8 Resources for Your Mindset, Meditation & Brain
Want More? My private members get all my trade ideas & market commentary up to 3x per week. Click here to become a member.
Want to Learn Price Action Strategies for Trading Forex?
Sign Up for our Monthly Newsletter and Get our FREE E-Book