EUR/USD: the euro is strengthening
Read the article on FBS website
Recommendation:
BUY 1.143
SL 1.1375
TP1 1.153 TP2 1.158 TP3 1.166
On the daily chart of EUR/USD, bears couldn’t break the support at 1.13, it signaled their weakness. Bulls are stronger now. If they break the resistance at 1.143, the “Wolfe waves” pattern will be implemented. As a result, odds of the movement up to the upper boundary of the upward channel will increase.
On H1, if the pair breaks the resistance at 1.1425-1.143, the “Shark” pattern will transform to 5-0. As a result, risks of the pullback to 38.2%, 50% and 61.8% will increase.
