Hello traders.
Dollar is getting weaker and weaker while eur is showing some strength, based on past week activity and news.
I am bullish on the pair. Price is at a good level for long continuation with SL below the previous HL.
However, it may correct a bit lower without though invalidating the bullish bias.
My overall TP area is June 2022 highs which will show us from then.
I have drawn 3 possible buy entries. Whatever close to this, might be good for trade.
Major EUR news for unemployment, retail sales etc, USD NFP, job data etc.
Dollar is getting weaker and weaker while eur is showing some strength, based on past week activity and news.
I am bullish on the pair. Price is at a good level for long continuation with SL below the previous HL.
However, it may correct a bit lower without though invalidating the bullish bias.
My overall TP area is June 2022 highs which will show us from then.
I have drawn 3 possible buy entries. Whatever close to this, might be good for trade.
Major EUR news for unemployment, retail sales etc, USD NFP, job data etc.
Trade closed: target reached:
Tp2 hit
Trade closed: target reached:
Tp3 hit + 300 pips
Trade closed: target reached:
+352 pips
Comment:
Sell trade +130 pips - close