EURUSD: My Insight Into The EUR

FX:EURUSD   Euro / U.S. Dollar
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Price recently broke out of consolidation to the upside with a strong move on 03/02/2016 and followed up with another strong day showing me the Bulls are in control! So I am looking Long on this pair!

I would be looking at a pullback into structure for an opportunity to get Long where we also have a 0.382 retracement!
Ive highlighted where I believe price will go and that is the 1.1450 area which is the next major level of resistance! There is also a harmonic move ive highlighted which completes at this level!

We also have a Bat Pattern that completes at this level for any trader looking for a Short opportunity (if anyone would like me to post this pattern send me a message)

This trade would offer a nice risk reward if we do get a chance to get involved!

If you like the idea and analysis please do hit that like button and continue to show your great support! It means alot!

nice chart, Looks like 1.1000 levels could be a buy eur/usd . Also Madanm yellen testifies this wednesday !. Hopes she does not spoil the bull party :)
Very nice Chart and a very good possibility for a Bat Pattern to complete , Just look how accurate the Wolfe Wave Pattern that i have included in my Chart hit at the sweet spot for a posible short Correction , i will be looking at hopping on board again for a ride to that Bat Completion , thanks for Sharing .
+1 Reply
Thanks John! I think we will see a pullback just depends how deep it is! Nice, 1.618 extension? Thanks for sharing!

johnmad SmartTradingFX
Yes , price has not yet that 1,618 handle yet and there could be a possibility for it to hit that mark and create a nice Divergence even for a short trade , THE IF FACTOR is in play here .
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