EUR/USD: bulls want more

EUR/USD: bulls want more

Recommendation:

BUY 1.2125

SL 1.2070

TP1 1.2240 TP2 1.2280

On the daily chart, EUR/USD is resuming the uptrend. If resistance at 1.2090-1.2115 doesn’t stop the bulls, the odds of the rally’s continuation to 1.2240-1.2280 will significantly increase. The nearest support is near 1.1995. 

EUR1.png 

On H1, EUR/USD may stop at the current levels, there may be a break towards 161.8% target of the “Crab” pattern and formation of the “Widening wedge”. Traders should be cautious.

EUR2.png

eur

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Bullish Ichimoku Cloud with rising Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen with rising lines; a market reached new highs over 1.4000.

gbp

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