EUR/USD: an inside bar stopped bears

EUR/USD: an inside bar stopped bears

Recommendations:

SELL 1.1945 SL 1.2 TP1 1.1845 TP2 1.1765 TP3 1.166

BUY 1.201 SL 1.1955 TP1 1.2065 TP2 1.211 TP3 1.216

On the daily chart of EUR/USD, after the pair reached 88.6% and 161.8% targets of “Bat” and “AB=CD” patterns, odds of the pair’s rebound up increased.  The inside bar was formed. It means that bears may pause their attacks.

eurusd_d.png

On H1, bulls and bears are fighting for the important level of 88.6% from the XA wave of the “Bat” pattern. If bulls succeed, odds of the pair’s rebound to 1.206, 1.216 and 1.2235 will increase. Vice versa, if bears are more successful, the pair will decline.

eurusd_60.png

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