Price has formed an impulse move after the completion of an ending diagonal structure. As long as price remains above the recent low at 1.1669, we can expect another push up minimally towards 1.1984 area, and potentially even breaking the previous high at 1.2094 to complete the larger 5-wave structure.
A decent retracement towards 1.1749 - 1.1774 area would present a good opportunity to long the EURUSD, with stops below the recent low, targeting 1.1984 and 1.2115 area.
Long around 1.1749 - 1.1774
Stops below 1.1669
Targeting 1.1984 and 1.2115
Disclaimer - make sure you have a proper plan to engage this trade.
A decent retracement towards 1.1749 - 1.1774 area would present a good opportunity to long the EURUSD, with stops below the recent low, targeting 1.1984 and 1.2115 area.
Long around 1.1749 - 1.1774
Stops below 1.1669
Targeting 1.1984 and 1.2115
Disclaimer - make sure you have a proper plan to engage this trade.