EUR/USD Technical Analysis

• EUR/USD is bullish
• Bounce above the inside bar is possible
• Continuation of uptrend above M H4
• Target is M H5

DAILY CHART EUR/USD

1. Trend changed to bullish
2. Inside bar breakout
3. Target

The EUR/USD is bullish. It’s a US holiday today – Martin Luther King Day  so there is less volatility than usual. Stock markets and banks have slightly different holiday schedules in the market as we get things going in the new week. The EUR/USD is moving up and it should continue as the inside bar on the daily is showing a breakout to the upside. We can also spot diverging MAs as the trend is up. The first target is 1468 followed by 1.1517 and 1.1544.