EUR/USD Forecast: Long then short

Here is our analysis on EUR/USD

RECAP:

In our previous analysis the pair was trading @ 1.19300
We expected the pair to touch support @ 1.18600 before retracing back to 1.19500
and this is exactly what happened
The pair triggered our Sell Stop at 1.19 & hit our TP @ 1.18800 which we adjusted & closed at 1.18700
banking us 600 pips on the pair.

WHAT TO EXPECT:

Currently pair is bearish
But we expect the pair to retrace back to the support/resistance at 1.19500 before continue its bearish trend
We have an active buy on the pair
Pair is still within its descending channel

OUR POSITIONS:

Currently @ 1.18700
Buy Stop @: 1.18800
Buy Stop TP @: 1.19
No sell stop positions have been opened

link to our previous analysis below

Note: All investments involve risk, our analysis and trading strategy does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make.