FX: a chance to trade. eur usd was drifting lower near resistance line in a correction wave. watch for reversal pattern to initiate trade @ 1.18200 to catch the uptrend. watch bullish engulfing bar /doji / morning star pattern to initiate bullish trade. TP1 @ 1.1867 TP2@ 1.1915 TP3@ 1.19752
Trade active:
after the bounce, update stop loss to level: 1.18650, wait for the EUR PMI data and ultimately and USD unemployment change and see where the trade will pan out. If the star aligned in our favor, we can see the EUR bull take over until price 1.20000