Dear friends, as you can see from the chart, EUR/USD is inside
a descending Price channel.
Price has recently bounced back from the channel support.
If the bulls can maintain their hold on this pair, it is quite possible
that EUR/USD will reach 1.1700 and even 1.1790, which happens to
be the channel top.
My preferred strategy is to buy the dips and target 1.1790 as TP
with SL below 1.1570.
a descending Price channel.
Price has recently bounced back from the channel support.
If the bulls can maintain their hold on this pair, it is quite possible
that EUR/USD will reach 1.1700 and even 1.1790, which happens to
be the channel top.
My preferred strategy is to buy the dips and target 1.1790 as TP
with SL below 1.1570.
Trade closed: target reached:
It has reached 1.1770 very close to my target