By late summer months 2019 a test of 1.28-1.30 is on the horizon, as we near a ECB Hike. The higher low has formed on EURUSD and we are now on the pair medium to long term.
In otherwords, will be buying swing lows & seek to rack up buy position trades for a significant extension higher.
-Main fundamental reason behind the move is the wide GER10YR-US10YR Bond Yield spread which can only tighten in favour of EUR.
In regards to the immediate moves on EURUSD , I believe it is headed right into buy orders & will be looking for longs between 1.1530-1.1569
-An extension below the aforementioned region extends immediate downside risks towards 1.1494. Below that support lies between 1.1335-1.1379
Will only be entering on lowertime frame correspondence and confirmation