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CurranSotomayor
Oct 26, 2018 4:15 AM

EUR:USD (30m TF) - Potential Rally onto the Upside Long

EUR/USDOANDA

Description

It's Friday, going into our last trading day of the week. For the whole week Euro was dropping and it is time for some corrections, we've made a low of 1.13560 nearly reaching for the mid figure.

We've also tapped into the 88.60% fibonacci level today, and managed to close above it.

USD seems like it's slowing down for the bulls, most likely returning to $96.40.


I'm expecting a strong rally to the upside, potentially going for 50-60 pips.

Trade closed: target reached

Profitable trade, about 60 pips.
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