EUR/USD: bulls made a stop
Read the article on FBS website
Recommendation:
BUY 1.1710
SL 1.1655
TP1 1.1780 TP2 1.1880 TP3 1.2035
On the daily chart, EUR/USD keeps forming a “Shakeout-Fakeout” pattern. If bulls manage to keep the pair above 1.1630 test resistance at 1.1710 for the second time (38.2% of the long-term bullish wave), the odds of reaching 88.6% target of the “Shark” will increase.
On H1, EUR/USD formed a “Wolfe waves” pattern. Conservative approach implies buying on the break of the diagonal resistance at 2-4. It’s the upper border of the “Spike and ledge”.
