EUR/USD Forecast: Long

Here is what to expect on the EUR/USD

RECAP:

In our previous analysis the pair was trading at 1.19220
We expected the pair to be bullish and test resistance @ 1.19500
The pair did so & broke above resistance @ 1.19500 triggering our Buy Stop
@ 1.19500 but was limited to 1.19670 before it could hit our TP @ 1.19700
signaling weakness in the bulls & also reversal being confirmed on a bearish
harmonic on the 30M chart which we capitalized on.
Our buy order is still open.

WHAT TO EXPECT:

Currently @ 1.19240
The pair is currently range bound between 1.19400 & 1.19100
We are bullish on the pair
If the pair breaks above the descending channel & resistance @ 1.19500
we expect it to try & test last weeks high of 1.19918 & attempt to reach 1.20
On the other hand if the pair breaks below the triangle we expect it to
touch previous lows of 1.18600

OUR POSITIONS:

Buy Stop @: 1.19500
Buy Stop TP @: 1.19700
Sell Stop @: 1.19
Sell Stop TP @: 1.18800

link to previous analysis below

Note: All investments involve risk, our analysis and trading strategy does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make.