FX618Analysis
Long

EURUSD Might Attempt An Up Move to 1.14! A LONG TRADE SETUP

FX:EURUSD   Euro / U.S. Dollar
ENTRY AT AROUND: 1.12600 LEVEL
STOP LOSS: 1.12000
TAKE PROFIT: 1.14000
RR: 1:1

On technical perspective the triangle has broken out and the price has retraced for us to go LONG here. The triangle breakout confirms that EURUSD is starting to consolidate and aim towards the weekly 50 EMA . With all the rate cut news going on and the US economy slowing, it should help this PAIR reach the 1.14000 in the near future.

shall there be any updates i will update them below. cheers
Trade closed manually: PRICE IS APPROACHING OUR TARGET HOWEVER ITS JUST SHORT FROM 1.14000 LEVEL. CLOSE THIS PAIR AT 1.138000 LEVEL. THE PRICE IS APPROACHING THE WEEKLY 50 EMA AND IT MIGHT POTENTIALLY REVERSE!.
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