EU pullback to 50% then up to 1.13 +

FX:EURUSD   Euro Fx/U.S. Dollar
78 0 5
10 months ago
The daily chart had been in a 2 mo trading range(TR) following the big bull breakout day on Dec 3. We have a breakout now that hit target 1 (2x the trading range measured move) - Bulls see this as follow through on Dec 3 and will need a bigger push to convince that we are in a bull trend -- the 2 day breakout looks good and strong enough that we should expect additional bullish movement - however may get a pullback to 50% area of this break above the TR             first. Bulls are targeting prior highs of 1.15 and 1.17 - I have a conservative target of 1.13 with the next push from this pullback.
10 months ago
Comment: The blue line was supposed to be at 1.1038 not sure what happened there..
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