EUR/USD is reaching new highs

EUR/USD is reaching new highs


BUY 1.2500 SL 1.2445 TP1 1.2580 TP2 1.2625 TP3 1.2770

BUY 1.2465 SL 1.2410 TP1 1.2580 TP2 1.2625 TP3 1.2770

On the daily chart of EUR/USD, there’s a sustainable uptrend. The pair is confidently moving towards the convergence area near 1.2770. There are 224% and 161.8% targets of the junior and senior AB=CD.


On H1, EUR/USD bulls will control the situation as long as the euro is above $1.22. Pullbacks to support at 1.25 and 1.2465 may be used for opening long positions.




Latest news

GBP/USD: confirmed "Thorn" pattern

The last "Pennant" pattern has been broken, so bulls found resistance at 1.2915. Nevertheless, the market is likely going to move on, so we should...


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