EURUSD has rallied from 1.1550 on a very sharp and almost vertical impulse which is not finished yet. The pair can easily reach the 1.1900 area where the 0.618 Daily Fibo retracement and some price resistance are waiting. The current analysis shows the wave "4" has finished at 1.1755 and we have a buying opportunity where shown in the chart to get wave "5" which is unfolding to extend to 1.1900.
Comment:
The pair is now reached to buying zone.
Trade active
Comment:
SL 1.1750
Comment:
SL can move to entry
Trade closed manually:
Euro continued lower and we exited with no loss.