Price has broke up & out of a descending trendline & come back to retest. Just waiting for a break above the high & 50SMA & a sign of continuation before entering.
This is not a signal to buy or sell, Just my opinion.
Use correct risk management & trade at your own risk! Be mindful of any EUR/USD news that may be coming today.
Price is holding & rejected above the 1HR & 4HR 50SMA.
1st TP target will be the 4HR 200SMA where i'll close half my trade & allow the remainder to run risk free Long term targeting the 29/30 highs.
This is just my opinion & anaylsis.Trade at your own risk. Be mindful of the USD Retail sales & Core retail sales announcements today. Use proper risk management.
