EUR/USD hourly update: Looking to buy a possible breakout...

FX:EURUSD   Euro Fx/U.S. Dollar
461 0 11
9 months ago
See my previous idea's on this pair for more info and larger timeframe analysis.

A new diagonal pattern might signal the end of the down move, it might be the end of a wave 1 of a whole new larger degree downtrend but based on my previous analysis I'm more biased towards the end of a corrective wave A.

Anyway: If the diagonal breaks to the upside it seems to me like a good idea to buy into it and possibly catch an up wave towards the 61.8% retracement of the last wave down around 1.1260 and in extension towards the high close to 1. 1400             ...
Look for a breakout and correction above the structure to enter long.
9 months ago
Order cancelled: No trades initiated
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