EUR/USD Trade Setup
Updated
After a break and close through the 1.2290 daily resistance towards the end of Fridays session this has given me a bullish outlook on this pair. Alongside the MA's facing to the upside on the Weekly, Daily and 4hr timeframes I believe this will give Euro/Usd the push it needs to reach the next major resistance level @1.12400 which is aligned perfectly with my 61.8 fib of the X to A move.
Entry - 1.23200
Target - 1.24000
Stoploss - 1.22660 (20pips below daily resistance)
Entry - 1.23200
Target - 1.24000
Stoploss - 1.22660 (20pips below daily resistance)
Trade closed: target reached
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