As long as trading is conducted above the range of 1.1854, you can expect the EUR/USD to continue growing to the resistance area of 1.1905, where I recommend taking the profits. However, A consolidation above 1.1905 will open a direct road to the highs of 1.1949 and 1.2010 ( One more Time possible to hit 1.2000$ before big correction downside coming monthly) If...
Possible buy for EURUSD
- Recently hit long term support trend line (long bias)
- Moving within parallel trend line channel and hit support zone (long bias)
- Bounced support trend line at least 3 times (validates long bias)
- Also hit local horizontal support zone (long bias)
- Price also moving slowly above both 200 EMA and 50 EMA (long bias)
Stop loss set at...