Trader_97
Long

EURUSD BOUNCES BACK AFTER HITTING THE 61% RETRACEMENT MARK

FX:EURUSD   Euro/U.S. Dollar
53 0 2
This is an updated version of my view on EUR/USD             .In my last article.I discussed the possible scenarios for the pair.As expected we are continuing the bullish trend after price bounced back from Channel support as well as 61% retracement level.So now that its clearly bullish again.The question what maybe the possible targets ? Well in my opinion the possible targets are 1.1424-44 and above that we could see 1.1588 and even farther above it we could expect the price to slow down around the Channel resistance or the resistance from August 24th of last year which stands at 1.1708
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