EUR/USD long

The pair has broken out from the flag pattern and also has broken above a key level. The closest resistance now is at the 1.1085 zones. There is a good chance that the pair goes till there. It will also have an impact on the eur/cad pair which has been in a range. There is a good chance that now even that pair breaks out from the range. Stop for EUR/USD can be at 1.0943

Comment:

it has retraced and come right at the support, entry can be at the current price of 1.0965 with a stop of 30 pips. That is a very good risk reward ratio.

Trade closed: stop reached