A trendline was broken in the EURO50 index and showed hint of more upwards momentum. I then checked EURUSD on the daily which showed rejection to the 1.8800 level. Then on to the 4H where a trendline is approaching, if this breaks I think we can see the Euro have another go at 1.2000. There's alot of news for the USD today, and I think we can see a small negative overall on the news side. The Euro have less news that can go against it. I might think of going long if I see great price action today.
Comment:
coming down for a retest, will be a great opportunity to buy again I think
Trade closed: target reached:
Two entries hit my TP on 1.2000, the retest was played out perfect!