The Euro has been in an uptrend for the last few weeks, and it is at a critical level where it can either breakout of the trend to the downside. or continue its bullish momentem. When it comes to technical analysis this would have to be close watch pair to determine what it would do next, however, with the world economy I believe that the Euro is going to continue to strengthen compared to the US dollar. A good play on this pair would be to wait until this one retraces back to the 50% fib level, set your stops up underneath the next highest low, and target profit to the 1.185 level.
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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.