EUR/USD - Banks took the liquidity, retracement is coming
EUR/USD had a strong impulse to the downside recently, broke down the uptrend channel bottom and might also retest 1.1. This is likely to happen due to the ECB's monetary policy statements.
We want to see now the pair retrace and retest the counter trendline of the channel.
We will long EUR/USD now from the support zone and put our price target at 1.110. 50 pips target.
We still have a bullish view on the pair, possibility of entering back the channel, we look forward to the next weak USD interest rate release.
Traders, if you take the trade do not forget to follow the idea in order to get the updates. We are open for your feedback about our delivery of the information. Let me know what you think in the comments.
We want to see now the pair retrace and retest the counter trendline of the channel.
We will long EUR/USD now from the support zone and put our price target at 1.110. 50 pips target.
We still have a bullish view on the pair, possibility of entering back the channel, we look forward to the next weak USD interest rate release.
Traders, if you take the trade do not forget to follow the idea in order to get the updates. We are open for your feedback about our delivery of the information. Let me know what you think in the comments.
Trade closed: target reached