EUR/USD - trend continuation trade - buy on 4H

FX:EURUSD   Euro / U.S. Dollar
Dear traders and followers,

welcome to todays / $ market update !

The market broke yesterday an important resistance at 1.20 and closed above it. We expect short term correction which is confirmed by bearish RSI and MACD on small time frame up to 4H.

On the daily and weekly chart we see a clear and strong bullish trend up to 1.24 - 1.25 area which is our final sell target. In this case a trend continuation setup is the most profitable setup with low risk.

Good buy entry is after finished short term correction as drawn in the chart.

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Trade closed: target reached: closed manually on Friday evening

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