EUR/USD Bullish
After suffering large losses on Thursday following disappointing datas and dovish Draghi , EUR/USD recovered all its losses on Friday and ended the week positively.
I spotted a bullish engulfing candle on the daily chart which shows upside reversal.
Next target for bulls is 1.142 ( January 16 high ) and 38.2 Fibo. , 1.144 and 1.15 psychological mark.
Next Wednesday is the Fed's monthly meeting followed by NFP on Friday . Those are the main events that will give us a clearer direction of the market.
Trade Safe.
I spotted a bullish engulfing candle on the daily chart which shows upside reversal.
Next target for bulls is 1.142 ( January 16 high ) and 38.2 Fibo. , 1.144 and 1.15 psychological mark.
Next Wednesday is the Fed's monthly meeting followed by NFP on Friday . Those are the main events that will give us a clearer direction of the market.
Trade Safe.
Ramzi Abou Abdallah, CFTe, CMT
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