EURUSD Supported on the 4H MA50. Buy signal.

The EURUSD pair is executing our long-term well as explained on this idea earlier this month:

EURUSD looking for two support levels

After correcting the very aggressive rise on the day of the Fed Rate Decision, the price now found Support on the 4H MA50 (blue trend-line). With the price past a 4H Golden Cross and the 4H RSI supported on Higher Lows, this is a low risk buy entry. Our target is 1.10300 (Resistance 4).

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