EURUSD _ Potential bullish momentum

FX:EURUSD   Euro Fx/U.S. Dollar
Potential bullish action if the trend hit the decision zone due to these two resons :-

*First Technically :-
1- Valid Three drives pattern.
2- Valid structure zone .
3- 0.50 fib retracement for AB leg
4- Valid channel pattern.

*Second Fundamentally :-
Monetary Policy issued by ECB since 2 week regarding the economy stimulation by delivering more than expected
easing monetary police ( QE_ stimulus system ) , including a more negative deposit rate and increasing bounds purchases , having said that this gave EUR appreciation against USD , further more last week FOMC delivered a dovish statement which would decease the rate hikes forecasting for this year than what have been stated by FOMC in 16 of December 2015 .

Based on technical and fundamental analysis , bullish movement may be expected and if the trend close above 1.137 , we might expect to reach 1.144 level.
Trade active
Comment: First target reached
Comment: As per what i have been described in this published idea , now i think there will be high probability to reach 1.144 level as per below technical analysis
Coincidentally, I have limit order to go long at the 1.1180's.
+1 Reply
good 1
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