Adhami
Long

Euro Long Term Bullish for 1.1850

FX:EURUSD   Euro/U.S. Dollar
Euro             touched the channel boundary at 1.05 in March 2015 after which it moved in bullish consolation phase on monthly chart. Technically speaking it seems that currency is ready to break this phase and likely to start bullish trend soon. I think a long trade is logical for long term opportunity seeker with stop below 1.0820 for first target around1.1850.

The successful breach of the level would bring Euro             to next target at 1.2270
uoohh I dont think this is a possibility right now with the 2 central banks monetary policies diverging so badly... ECB wants a cheaper Euro and FED wants to raise rates only making dollar more expensive, no way we will see that 1,2270 at least unil mid 2020 (remember that today is Greece, in 2017 its going to be the UK with the referendum and we still to see what China ends up and how this affects) I dont foresee recovery in Europe for a veeeeeery long time, and it will only get more and more painful as we go through the 1st part of this century.
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