EURUSD Daily chart is attractive and nicely set up for going long again. EURUSD finds strong support again at 1.07700. If we look at the daily chart we can see a nice inverse head and shoulder pattern created. We are bullish on EURUSD. Also, pair is now trading above 50 SMA on the 1-hour chart which indicating buyers are slowly taking the control to push the price higher to 1.10000 level and possibly could move to 1.12000 level for upcoming weeks.
On the other hand, if EURUSD pair breaks below 1.07500 and a daily close below this support will trigger more sell pressure. We can see a retest of 1.06300.
This trading analysis is only for getting an idea about the current market situation. This is not a signal. These can be used for education purposes only.