Euro / U.S. Dollar
Long

EURUSD on a V-shaped recovery

196
EURUSD smashed through and closed over its MA50 (4h) with easy, extending today the gains.
Potentially a new Channel Up is being formed, though not necessary it can contain a strong rise.
Fibonacci 0.5 already filled.

Trading Plan:
1. Buy within the MA50 (4h) and MA50 (1h) Zone.

Targets:
1. 1.0720 (over Fibonacci 0.618 and potentially on the MA50 (1d) and MA 200 (4h).

Tips:
1. The MACD (4h) just turned neutral indicating possibly that there is a lot of upside remaining on this move.

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