Eur USD Long Position
I see the USD fundamentally weaker than the EURO. With a larger timeframe bias in mind, we saw the previous day break the high of a Bearish day. I would expect this day to do the same with a retracement to test a broken zone around 1.1480-1.14978 of previous resistance. My fib was drawn from the most significant movement. Targets for my long position would be around 1.14845,1.14745,1.4649 respectively. A move below 1.1440 Would likely mean that we do not have enough orders to progress towards the next resistance zone of 1.16073. I expect a small pullback followed by a continuation of the pair towards the targets of target 1.15550 & 1.15857 respectively.
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