ProCFDTrader

EUR/USD at a critical level, will the bullish wave begin?

Long
FX:EURUSD   Euro / U.S. Dollar
As predicted in my yesterday's idea, EUR/USD has made a false break of the 0.99 support level .
Price has not only climbed above the 0.99 level but it has also made a bullish reversal candlestick
pattern on the daily chart .

However, the reversal patterns must be taken with a grain of salt as there are plenty of fundamental issues
that is weakening the Euro right now. That being said, there's a likelihood of EURUSD going back above 1.00
and eventually reaching 1.04 in the coming weeks.

However, I would buy only if it dips towards the 0.99 level again to keep my risks low

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