EUR/USD Long-Term Trend: Bullish
Key Resistance Levels: 1.1987, 1.2023, 1.2050
Key Support Levels: 1.1921, 1.1860, 1.1800
The price on the higher time frame failed to break a strong support around the 1.1860 USD mark, and posted a bullish engulfing pattern around this level. This could lead to a reversal from a downward movement to an upward one.
EUR/USD Medium-Term Trend: Bullish
On the lower time frame the price posted an inverse head and shoulders showing that the pair most probably will reverse. A lower correction count has been posted to the neckline of this pattern where we expect after it, an impulsive move to the upside toward the target profit.
Buy Market Order @ 1.1934
TP 1 @ 1.1984
TP 2 @ 1.2023
Stop Loss @ 1.1909
Trade Safely 🙂