EUR/USD: bulls came to power

EUR/USD: bulls came to power

Recommendation:

BUY 1.1860

SL 1.1805

TP1 1.1975 TP2 1.2045

On the daily chart, EUR/USD keeps forming the inverted “Shark” pattern with a target of 88.6%. Bulls managed to settle above 1.1820 and 1.1885 and aim to continue way up to resume the long-term uptrend.

EUR1.png 

On H1, after reaching targets of the “Widening wedge” and “Three touches” bulls managed to return the initiative to their hands. They are pushing the pair up towards 88.6% and 224% of the “Shark” and AB=CD.

JPY2.png

 

eur

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