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MujkanovicFX

EUR/USD approaches lower range support, prepare for upmove

Long
Euro / U.S. Dollar (OANDA:EURUSD)  
MujkanovicFX  
OANDA:EURUSD   Euro / U.S. Dollar
Trend Analysis Chart Patterns Beyond Technical Analysis EUR USD EURUSD LONG longsetup range nfp
3
0
trendanalysis chartpattern beyondta eur usd eurusd long longsetup range nfp
EUR/USD Daily: The pair approaches its lower range support at 1.22, after it broke the rising trendline shown on the chart. Eurozone data was soft this week (Core CPI and German retail sales lower than expected), and we await the US NFP scheduled for tomorrow (yesterday's US unemployment claims 242k vs 225k expected). I remain bullish on the pair in the medium-term.

LONG (ideally @ 1.2200), SL just below range @ 1.2140, TP at recent swing-high @ 1.2450.
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