Thanks to DXY, EURUSD pumped beautifully. We may looking at Wave 1 of Elliot wave theory. If you are willing to take risk you might enter short position from this point but I would not recommend it. Now we are waiting for confirmation ( pullback ) to enter LONG position.
1. We might see go down to 1.01 area as yellow line
2. Or we could see break 1.04 area and come back and test it.
Both options will be huge confirmation of LONG position. And Our highest TP target will be 1.6
1. We might see go down to 1.01 area as yellow line
2. Or we could see break 1.04 area and come back and test it.
Both options will be huge confirmation of LONG position. And Our highest TP target will be 1.6