With the Fed continuing to keep interest rates low I believe the Euro will continue to gain value. We've been decelerating on the daily chart for 6 weeks now after a nice run up but haven't seen much bearish momentum to get much of a pullback. This looks like more of a short breather before the next leg up.
I have a zone on the monthly chart between 1.175 and...
This is a very bullish pair but pullbacks are always do at some point. This is a quick in and out play down to the 93 level as this was the previous swing high.
This is a technical trade based off a break and retest of structure, concurrently having the 1 hour and 4 hour 50EMA lining up at the same area, as well as the 382 fib retracement.
Stop loss is placed...
