EURUSD 2 Oct 2023 on the H4 timeframe. It can be seen that the pair is still below the kumo on the ichimoku indicator. It was at its lowest price at the end of last month at 1.05009 then rallied to 1.06087 and touched R2. although it bounced after touching R2, the pair is now trying to bounce back by initiating a bullish trend. If this pair is able to continue the bullish trend that is happening, then back towards R2 then go-long can be an option for traders. But if the opposite happens, and this pair falls back and breaks S1 then go-short is an option. Keep an eye on the market movements and pay attention to many indications before making trading decisions.
