Euro / U.S. DollarUpdated EURUSD Trade Idea
EU is finally breaking the range continuing it's uptrend. In yesterday's forecast, I expected the market to break above 1.2270, potentially re-test 1.2250 for further upwards momentum due to the higher lows sequence indicating strong buyers. Will be focusing on long-term long opportunities after a retracement with 1.24 - 1.25 as targets, if the breakout is strong, will be looking for shallower pullback, if the breakout is weak, wait for a deeper pullback possibly slightly below 1.2270 before the continuation towards the upside.
Trade safe.
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Trade safe.
Do follow my profile for daily fx forecast.
Note
Previous analysis
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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.