Blackwood_fx
Long

EUR/USD Long play in action.

FX:EURUSD   Euro Fx/U.S. Dollar
In my last post I was monitoring a potential wedge pattern forming on the 4h time frame for a long break out. It has since broken out of the wedge pattern to the low side and is hitting the 61% fib level for a bounce that we could see go as high as 1.2000. We also have a monthly support level a little lower than current price action that I dont think we will break. For now I am going to play a long position to about the 1.0900 level.
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