Using the last strong retracement from August 2018 as a fractal, we could see EURUSD going up to 1.12800 and touching the top of the channel.
Will enter a buy trade after retracement to 1.10.
Trade closed: target reached:
This happened a lot faster than anticipated. My next target is 1.05-1.06
Comment:
Actually, considering the big move up, maybe there will be a second leg. 1.10 and 1.09 are still good levels to watch in this scenario.
Either way, 1.05-1.06 is my bigger target for EURUSD
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Either way, 1.05-1.06 is my bigger target for EURUSD