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Euro / U.S. Dollar
Long
Oct 11, 2019
HERE'S WHY YOU DON'T WANT TO BE SHORT EUR/USD
3
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Hi traders, if you've followed us long enough, you may have seen some of our EUR/USD trade ideas that worked out really well.
The pair broke above a bullish wedge pattern recently, projecting a 200 pips profit target to around 1.12. We're already long in our Trading Club.
The price also broke above short-term resistance levels, with no meaningful resistance until the 1.1080 level.
Fundamentals are also supporting our views so far, especially after relatively weak US data in the last days.
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MujkanovicFX
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EUR
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LONG
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