EURUSD – Up
While on an upward trend,EURUSD retraced to a support zone( 1.2215-1.2194) but could not penetrate below it.As long as this zone protects the lower side we expect possible buy positions along this zone. Right now we expect a thrush to the upper the upper side just that this move has not matured much. Were expecting price to retrace to the support zone( 1.2215-1.2194)to long this pair with an ultimate target at 1.2323 or even higher. As it is on the 4H chart above, we’re waiting for a bounce from ( 1.2215-1.2194) to long this pair with my stop loss at 1.2161 and take profit at 1.2323.
Wait for a bounce from(1.2215-1.2194) to long EUR with my stop loss at 1.2161 and take profit at 1.2323.
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