The EUR/USD has moved back up from its support zone on a 60 minute time frame. We Identified this support zone in our analysis last week. The trade is in profit of over 53 pips while the risk was 32 which gives us a ratio of 1.65. However, it is important to emphasize that much of the move was very ballistic and the angle of the trend line is extremely steep which means that we could see a small correction soon.
The RSI is trading near the overbought zone, which calls for a caution. The ADX indicator is clearly showing that the price has started its trend and –DMI (shown in red) has crossed the +DM(shown in blue) from above which shows a weakness for the bears.