EUR/USD: Forecast: Long

Here is what to expect

RECAP:

In our previous analysis EUR/USD was trading at 1.21160, we expected it to retrace back to 1.21000-1.20800 before a continuation to the upside.
This is exactly what happened and EUR/USD hit 1.21428 triggering our buy stop which was closed by our system after registering at a false breakout as DXY was trading at previous support levels. Closing our Buy Stop position at minimal loss.

WHAT TO EXPECT:

EUR/USD is still bullish
But for now we expect it to continue to fall to 1.21000-1.20800 before it rebounds back and continue its uptrend
Bullish Cypher formed on the 1H chart

OUR POSITIONS:
Currently @ 1.21100
Buy Stop Adjusted to: 1.21250
Buy Stop TP 1 @: 1.21400
Buy Stop TP 2 @: 1.21600
Sell Stop @: 1.20500
Sell Stop TP @; 1.20300

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