TimStuyts
Long

EURUSD closing in on target

FX:EURUSD   Euro / U.S. Dollar
169 1 4
We were looking for a long EURUSD             for a while now and I mentioned that due to the higher time frame structure and fundamentals I favored this over a continuation lower. That's why I was focused on a BUY trade.

The consolidation at the upper range before major US data made me trade this bullish break. There was no clear consolidation later on for me to add to my first position but my target zone will most likely turn into a consolidation or reversal for price.

This will be the level where I have to manage my position and once price reaches that zone I will update again.

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