EURO/USD Cup & Handle Pattern

EURO/USD Showing cup & handle pattern on the four hour, indicating a Long position with a target of 1.10000 .

If Wednesdays news has a negative impact on the US Dollar, we could see this target reached.

Good luck.

Trade attivo:

As Fed Chair Powell Testifies, the dollar decreased down around 102.283 region, while Euro buyers came into push the Euro up towards the target of around 1.10000,
settling midway at around the 1.09500.

Tomorrow we have more news to consider, hopefully euro gets the boost it needs to reach the ideas target of 1.10000.

Trade chiuso: obiettivo raggiunto:

Target reached earlier than expected, can the Euro push past 1.10000 to use as support, then target 1.1100?

Commento:

The Euro has lost it's 1.10000 support and retreated lower as the Dollar gathers some rebound strength.

This concludes my successful idea.

Thanks to those that supported my idea and me!

Good Luck and Happy Trading!