FX:EURUSD   Euro / US-Dollar
After breaking through a multi-year record high, we are expecting this trend to continue. Therefore we are looking for a buy opportunity. I am expecting price to come back close to the support/resistance area that it had just recently broken through. Because the candle was so strong, I am not confident that price will come all the way down to the area before moving higher, so I will be watching this pair closely this week. The Fibonacci extension was used to determine the take profit at the 61.8 level of the extension. The stop loss is just below the support area.
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