In my last idea in EURUSD, we were expecting the breakout above a corrective structrure, something that finally happened and in addition with the NFP yesterday the end result was phenomenal (the link is below). I decided to post another idea with a new upsloping pitchfork added in the daily chart, which most likely will represent the path of price in case it moves up. What we should wait for the upcoming weeks, is to see if price makes a correction to the down, probably to test the broken median line of the blue pitchfork. In that case we should wait for a breakout above the correction and buy EURUSD.
Comment:
As expected price pulled back into a corrective structure and has started climbing when the correction ended. Keep watching for buy setups as price has good chances reaching the sliding parallel as shown at the chart.
