EURUSD Long
EU has exhausted at 1.20866 area with a nice 4H pin bar rejection. There was an impulsive move to the upside breaking previous resistance at 1.19934 due to the fundamental results of Markit MFG Final PMI where actual (53.8) was higher than the forecasted (53.6), causing market rallying up for the EUR. Due to that bull-run movement, price left a bullish OB at 1.19729 with a significant liquidity void which now, we expect price to fill in. We are looking to enter the market at 70.5% retracement as per our FIB with price @ the identified OB and TP is at the Daily OB, about 261.3 pips above the entry.
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