EUR/USD: euro caught the Bat's tail

EUR/USD: euro caught the Bat's tail

Recommendation: BUY 1,108 SL 1,1025 TP1 1,121 TP2 1,13. 

On the EUR/USD daily chart,  the target 88.6% of the "Bat" pattern was fulfilled. As a result, the risks of correction towards 1.113 (61.8% of the last downward medium-term wave) and 1.108 (the upper border of the previous upward trading channel) increased. The trend is still bullish, so rollbacks can be used for opening long positions.

On the EUR/USD hourly chart, there is a break of the lower border of the upward trading channel. A successful test of the support at 1.1165 will lead to the activation of the Shark pattern with a target of 1.108.

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