EUR/USD: outlook is bullish

EUR/USD: outlook is bullish

Recommendation:

BUY 1.1480

SL 1.1425

TP1 1.1600 TP2 1.1800. 

On the daily chart, bulls managed to break above resistance at 1.1472-1.1480. This put the longer-term bearish trend to an end. Resistance became support, “Bat” pattern turned into “Crab” with interim target of 127.2% at 1.1800.

EUR.png

On H1, EUR/USD is trading within the bullish channel. Bulls are in control. Buy on any pullbacks to the downside.

EUR2.png

eur

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