EUR/USD: the euro is getting stronger

EUR/USD: the euro is getting stronger


BUY 1.1485 SL 1.143 TP1 1.157 TP2 1.175 TP3 1.1855

On the daily chart of EUR/USD, bulls try to break the upper border of the 1.1265-1.1445 consolidation range, which was formed as a part of the "Spike and Ledge" pattern's implementation. If they succeed, the odds of the rise towards the targets of the "Shark" (88.6%) and "Wolfe Waves" patterns will increase. 


On H1, if the December's maximum near the 1.1485 level is broken, the pair will rise further towards the 161.8% and 88.6% targets of the AB=CD, "Shark" and "Bat" patterns. 



How to trade EUR/GBP?

The way EUR/GBP bottomed around 0.8700, then rose above 0.8870 and jumped from the trendline support at 0.8910 shows that the pair possesses bullish momentum.

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