Alright!
So the reason why I do believe this is a long position are for the following reasons:
- EUR seems to be gaining strength against many pairs.
- Chart MA's indicate a relative strong bull run for EUR.
- EURUSD 0.05%has hit a recently strong support level and bounced off. (Price action is king!).
- RSI is already relatively low indicating it has a lot of room to go up!
- MACD is indicating a crossover which also means we may be having a strong bull run very soon.