The pair EURUSD is on its way up again. On the long tem, The target on the Monthly time frame is 1.2253. If this position of resistance holds, we will begin to look out for bearish opportunities. But if the market breaks through that line of resistance, we have increased chances of rallying to the Target 2 at 1.4024.
Target one gives us an over 900 pips opportunity, while target 2 is about 2,700 pips opportunity.
In the short term of 1Hour timeframe, we are looking out for buy opportunities. Our entry signal will be a break of the counter Uptrend line. The bullish candlestick must close above the counter uptrend line for our buy signal.
To your trading success, Fx-Kalapanzy
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