EUR/USD: a good signal to buy the EUR

EUR/USD: a good signal to buy the EUR

Recommendations:

BUY 1.171 SL 1.1655 TP1 1.181 TP2 1.191 TP3 1.2035

BUY 1.154 SL 1.1485 TP1 1.164 TP2 1.171 TP3 1.181

On the daily chart of EUR/USD, bears couldn’t pull the pair below the support at 1.1445 (50% of the upward long-term wave). As a result, bulls took the initiative. They are going to break the diagonal resistance and pull the pair to targets of “Head and shoulders” and “Shark” patterns.  

eurusd_d.png

On H1, after the pair reached the 113% target of the “Shark” pattern, risks of the pullback to 23.6%, 38.2% and 50% of the CD wave increased. The correction should be used to buy.  

eurusd_60.png

Similar

How to trade EUR/GBP?

The way EUR/GBP bottomed around 0.8700, then rose above 0.8870 and jumped from the trendline support at 0.8910 shows that the pair possesses bullish momentum.

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