EURUSD - few sessions later

Previous post ended with:
> Be careful because the support on daily chart for this up move is strong and this DBar could turn to a false signal easily...

Let's look on the current state of the 4 hours EURUSD chart - just at the beginning of US session.

From Friday there was an excellent entry point when all three Bullish fractals were taken.


The European session started slow (but up supported by the up move on the daily chart ) accelerating and offering another entry point at the high of the Bearish Divergent Bar.

The next step is to take the resistance at 1.342 with might turn out to a nice rally.

Keep your eyes open.