MujkanovicFX

EUR/USD Daily: Buy Opportunity Forming

Long
FX:EURUSD   Euro / Dollaro
Hi guys, the EUR/USD pair is completing a correction to the 61.8% Fib level on the daily chart, suggesting that the recently formed uptrend may continue.

The price has also formed a bullish wedge pattern with an indecisive candlestick during yesterday's trade and a bullish candle in today's trade.

My buy trigger is an upside break of the wedge pattern, with an intermediary profit target near the recent highs (around 1.14).

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