Euro / DollaroLong
EUR/USD possible long
So, we bounced from 1.0807, and we might be seeing a new highs before going further down.
We see that lower side of the channel is supporting the uptrend. We also got a nice bullish moves previous week.
For the take profit point, I picked the 1.272 extension of Fibonacci.
MACD is also in a perfect position to continue uptrend, so we probably won't see a deeper retracement.
Update: should move the entry and SL 25 pips lower (due to weekly pivot point)
We see that lower side of the channel is supporting the uptrend. We also got a nice bullish moves previous week.
For the take profit point, I picked the 1.272 extension of Fibonacci.
MACD is also in a perfect position to continue uptrend, so we probably won't see a deeper retracement.
Update: should move the entry and SL 25 pips lower (due to weekly pivot point)
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