EUR/USD: bulls want more

Read the article on FBS website

Recommendation:

BUY 1.2125

SL 1.2070

TP1 1.2240 TP2 1.2280

On the daily chart, EUR/USD is resuming the uptrend. If resistance at 1.2090-1.2115 doesn’t stop the bulls, the odds of the rally’s continuation to 1.2240-1.2280 will significantly increase. The nearest support is near 1.1995. 

EUR1.png 

On H1, EUR/USD may stop at the current levels, there may be a break towards 161.8% target of the “Crab” pattern and formation of the “Widening wedge”. Traders should be cautious.

EUR2.png

Share with friends:

Similar

Latest news

Instant opening

FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.