EUR/USD: euro got lost
Read the article on FBS website
Recommendations:
BUY 1.175 SL 1.16950 TP1 1.1850 TP2 1.2000 TP3 1.2330
SELL 1.15 SL 1.1555 TP1 1.1445 TP2 1.1315 TP3 1.1180
On the daily chart, EUR/USD is consolidating in the 1.1500-1.1850 range. A break of its upper border triggers AB=CD pattern with a target at 200% and will increase the risks of a “Shark” with a target at 88.6%. On the other hand, a successful test of support at 1.15 will open the way for further declines.
On H1, EUR/USD pulled back after reaching 127.2% of the “Butterfly”. Bears want to pull the pair below support at 1.1605 and move it to 88.6% of the “Bat”.
