Long

EURUSD REVISED BULLISH IDEA

By mrsanto

Updated

Here is our updated setup

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First short term target reached!

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short term target 2 almost reached
you can book partial profit since we can see pullback at this point.

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very nice! short term target 2 full reached.
now i will wait for daily candle to close.
A close above 1.1220 would be nice for our setup

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A potential Butterfly pattern could support our view but let's wait for market open.

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UPDATE:
price dropped again very fast reaching again the BUY area (around 1.1150).
Pattern is still valid.
If the current candle close above 1.1165/80 there are good chances to reach the target soon.
On the other side a break below 1.1150/45 will send us to 1.1120 (AGAIN) and below it opens the door to 1.1080 - 1.1050.

I'll update the chart later.

mrsanto

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