EUR/USD is building a fortress

EUR/USD is building a fortress

Recommendation:

BUY 1.1595

SL 1.1540

TP 1.1710

On the daily chart, EUR/USD fell below 1.17 (88.6% target of the “Shark” pattern). Bulls are ready to test support at 1.1685 (23.6% of the last bullish wave). Success will open the way to 113% target of the “Shark”

EUR1.png 

On H1, a break below an important support at 1.1710 increased the risks of continuation to the downside to 1.1595-1.1605 (200% and 113% of AB=CD and “Shark”). If the euro gets there, it will create grounds for a pullback. 

EUR2.png

eur

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