EUR bulls look to hold the pair above 1.13000 after a break out and retest of the recent descending channel on the 1h chart.
Trade strategy: - Close half position at target (1.13400) - Close full position at target (1.13800) - Close and look for re-entry if bears convincingly take price below 1.13000
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Always conduct your own analysis before entering any trade. Always use sensible risk management. Never let emotions interfere with your strategy.
Comment
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We have reached the first target and closed half of the position as planned. SL moved to entry and an exit strategy is in place to close the remaining position.