EURUSD Bullish Engulfing Hourly Chart

Posted on by

Resistance: 1.2968 minor/1.2994 minor Support: 1.2935 moderate/1.2910 strong/1.2877 moderate Market is generally bullish with Bullish Engulfing suggesting a further push up. Given that the pattern is a medium reliability setup consider going long the immediate objective at 1.2968 possibly a run to 1.2994. Stop losses ideally should be under 1.2935 though a tighter stop under the pattern low is also viable. It is best to wait for a confirmation.