Looking at the monthly timeframe (TF) the EUR/USD pair has broken the downwards trendline. We had a pullback to retest the backside of this line and continued the upward push. We are currently at a major support/ resistance zone with strong bullish momentum. On the daily TF I spotted a double bottom plus divergence on the RSI , but I am waiting for confirmation that the buyers are going to remain in control and continue to push price up breaking this major resistance area and remain within the buy zone (above the red line). Once resistance is broken, I will wait for a retest and buy lows on the 4H TF towards the next daily high.

FX:EURUSD  



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