Last week we had this long trade before we close our position on friday. We have been watching this one closely to clear the 123.00 which it did today. We are long from current level 123.20, we are expecting price to eventually break the 123.24 area properly before 123.59. A break above 123.59 will open a the door for 124.06 which is the first target.
There is more potential towards the main target 125.27 which can be achieve this week if the news favour usd.
Watch out for important news this week on all major pairs!
Trade with care.
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