FOREXCOM:EURUSD   Euro / U.S. Dollar
The EURUSD broke the sell trend line on the monthly time frame and performed a retest on it. Using the Fibonacci retracement, the confirmation candlestick occurred in the 0.618 regions. traders can aim a buy to the price point of 1.1500 - 1.1600 region and wait for it to break the resistance hence aiming between 300 to 400 pips.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.