EUR/USD: the euro follows the “Shark”
Read the article on FBS website
Recommendation:
BUY 1.168
SL 1.1625
TP1 1.1755 TP2 1.178 TP3 1.182
On the daily chart of EUR/USD, the downward triangle is forming. If bears break its bottom line, the AB=CD pattern with the 200% target will be implemented. Vice versa, if the pair goes out of the downward channel and breaks the resistance at 1.1755, it will increase chances of the bullish long-term trend’s recovery.
On H1, bears can’t pull the pair out of the upward channel, it signals their weakness. Bears try to play back "Wolfe waves" and "Sharks" patterns.
